Log In/Sign Up
Your email has been sent.
Applebee’s-IHOP | Sale Leaseback 15505 W Rockridge Rd 4,773 SF Retail Building New Berlin, WI 53151 $3,461,538 ($725.23/SF) 6.50% Cap Rate
Investment Highlights
- Four Assets - Available Individually or as a Portfolio.
- Hands-off Ownership with Increases that Protect Long-Term Value - All four properties are secured by long-term 20-year absolute triple-net (NNN) lease
- 20-year Sale-leaseback Opportunities - Offering turn-key, absolute-net opportunities backed by two powerhouse brands and a seasoned operator.
- Applebee's + IHOP Dual Branded Locations - All four properties to undergo Applebee's-IHOP dual branded conversion.
Executive Summary
Applebee’s | IHOP 20 year sale leaseback offers a turnkey, absolute-net opportunity backed by two powerhouse national brands, with a seasoned operator, delivering long term stability, predictable rent growth, and truly passive income in a high visibility, dual concept location.
This property is part of a 4-Property Portfolio. The 4 assets are being offered individually or as a portfolio. Learn more here: http://www.applebeesihopsaleleasebackswi.com/
Each property is subject to a 20-year sale leaseback structure offering turnkey, absolute-net opportunity backed by two powerhouse national brands, with a seasoned operator, delivering long term stability, predictable rent growth, and truly passive income in high visibility locations.
All four locations are scheduled to undergo Applebee's-IHOP dual branded conversion, designed to maximize sales potential, attract a wider demographic of guests, and provide greater flexibility and convenience by offering an extensive menu that include breakfast, lunch, dinner, beverages, and desserts all in one location.
This property is part of a 4-Property Portfolio. The 4 assets are being offered individually or as a portfolio. Learn more here: http://www.applebeesihopsaleleasebackswi.com/
Each property is subject to a 20-year sale leaseback structure offering turnkey, absolute-net opportunity backed by two powerhouse national brands, with a seasoned operator, delivering long term stability, predictable rent growth, and truly passive income in high visibility locations.
All four locations are scheduled to undergo Applebee's-IHOP dual branded conversion, designed to maximize sales potential, attract a wider demographic of guests, and provide greater flexibility and convenience by offering an extensive menu that include breakfast, lunch, dinner, beverages, and desserts all in one location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,773 SF
Building Class
C
Year Built
1990
Price
$3,461,538
Price Per SF
$725.23
Cap Rate
6.50%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.10
Lot Size
1.13 AC
Zoning
M1
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
568’ on Rock Ridge Rd
Amenities
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Founded in 1958 in the Los Angeles suburb of Toluca Lake, California, IHOP began as International House of Pancakes before adopting the IHOP name through a later marketing campaign. The company serves a menu centered on pancakes and other breakfast foods, along with lunch and dinner items, including burgers, omelettes, sandwiches, coffee, and desserts. IHOP operates as a family restaurant chain with a franchise-based footprint in the United States and international markets, and its business continues to focus on dine-in, pickup, and delivery service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NBC-1255-991-005 | Improvements Assessment | $815,900 |
| Land Assessment | $787,900 | Total Assessment | $1,603,800 |
Property Taxes
Parcel Number
NBC-1255-991-005
Land Assessment
$787,900
Improvements Assessment
$815,900
Total Assessment
$1,603,800
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Applebee’s-IHOP | Sale Leaseback | 15505 W Rockridge Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.