4435 Calumet Ave
Manitowoc, WI 54220
Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 4,625-square-foot freestanding Applebee’s situated on 1.21 acres in Manitowoc, WI (Population: 50,000). Manitowoc is conveniently located 40 miles southeast of Green Bay and 80 miles north of Milwaukee. Applebee’s absolute NNN lease has ±11.9 years of primary lease term remaining and features 1.50% annual rent increases throughout the primary term and each of the four 5-year renewal options. The property is strategically positioned within Manitowoc’s CBD and boasts excellent access and visibility on South Frontage Road, directly off U.S Highway 151/Calumet Ave (Traffic Count: 18,800 VPD). Applebee’s is ideally situated directly across from the Harbor Town Center Shopping Plaza, which is anchored by Lowe’s and Kohl’s, and further occupied by Qdoba, Menchie’s, Kay Jewelers, Batteries + Bulbs, Noodles and Company, Cousins Subs, and Panda Express. Major retailers with a presence in the immediate vicinity include Walmart Supercenter, OfficeMax, ALDI, Petco, Menard’s, Festival Foods, Buffalo Wild Wings, O’Reilly Auto Parts, McDonald’s, Perkins, Wendy’s, Subway, Culver’s, A&W, Hardee’s, Starbucks, Arby’s, and Taco Bell, among many others.