Broadstone Net Lease has acquired a portfolio of eight Applebee’s restaurants with locations across Wisconsin. The properties were acquired via lease assumption, and are operated by Wisconsin Hospitality Group, LLC, a multi-concept operator. BNL currently owns 22 Applebee’s restaurants in seven states.
- Closing Date: December 8, 2015
- Square Footage: 41,094
- Lease Type: Triple-net
- Lease Length: 15 Years
- Rent Increases: 1.50% annually
- Broker/source: PJ Behr, CNL Commercial Real Estate
Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).