2901 Decker Dr
Rice Lake, WI 54868
Absolute NNN Applebee's · Retail Property For Sale

Michael Kaider of CBRE is pleased to exclusively present the opportunity to acquire fee interest in a long term absolute NNN Applebee' s. The property is located in Rice Lake, a northwest community in Wisconsin. Rice Lake is the largest community between Eau Claire and Superior, Wisconsin. The city is also just 100 miles northeast of the Minneapolis-St. Paul MSA. The Property is well located and highly visible along Highway O, a main thoroughfare through the city which benefits from traffic counts over 12,700 vehicles per day. Applebee' s is also just east of an interchange with Route 53. Traffic counts along Route 53 are approximately 12,500 vehicles per day. Applebee' s is anchored by, Menards and Kohl' s, which draw a tremendous amount of traffic to the area. Applebee' s lease has over 11 years of term remaining, zero landlord responsibilities, and four 5-year options to renew. The lease is guaranteed by Apple Minnesota, LLC, a wholly-owned subsidiary of Apple American Group, LLC. Founded in 1998, Apple American Group, LLC is the largest Applebee' s franchise with over 485 locations throughout 26 states.