5609 US Highway 10 E
Stevens Point, WI 54482
Applebee's · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for an Applebee' s located at 5069 Highway 10 East in Stevens Point, Wisconsin. The property consists of approximately 4,671 square feet of building space and sits on 1.09 acres of land. The property is subject to a brand new 20-year Triple-Net (NNN) lease. The lease will commence upon close of escrow. The current rent is $119,364 with 10% increases every 5 years starting in year six. The increases will continue through the four, five year tenant renewal options. The tenant is Apple Hospitality Group LLC, and the lease has a WHG Real Estate East Franchisee Guarantee. This Applebee' s is located at 5609 Highway 10 East in Stevens Point, Wisconsin. Stevens Point is centrally located in the state on the Wisconsin River encompassing the intersection of interstate 39 and State Highway 10 in Portage County. Stevens Point is the largest city in the county.The subject property is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. Target, McDonald's, Fazoli' s, U.S. Bank, Aldi, Holiday Inn, Arby' s, Amber Grill, Good Will, TFC Bank, Subway, Dunham' s Sports, DQ, Buffalo Wild Wings, Culver' s, Wendy' s, Taco Bell, as well as many other retailers are in the immediate vicinity.