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Applebee’s-IHOP Restaurant Property
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1398 East Green Bay Street, Shawano, WI 54166

Dual-branded restaurant property structured with a 20-year absolute-net sale leaseback.

Property Size5,122 SF
Price / SF$570.69
Days on Market6

Property Features for 1398 East Green Bay Street

General Information

Standard status Active
Size 5,122 SF
Property subtype Retail
Lease Type Absolute NNN
Investment Type Sale/Leaseback
Net Operating Income $190,000

Building Details

Year Built 1985
Listing Agency: CBRE - Milwaukee
Listed By: Nathan Powers · License #WI 834409-91
Source: Crexi
Added: Jul 29 Changed: Aug 3 Last Checked: Aug 3 at 5:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Milwaukee

Investment Insights

Based on property information with market context.

This 5,122-square-foot restaurant property in Shawano, Wisconsin, was built in 1985 and is planned for conversion to an Applebee’s-IHOP dual-branded concept. The proposed format combines breakfast, lunch, dinner, beverages, and desserts within one restaurant setting.

The property is offered through a 20-year sale leaseback with an absolute-net lease structure. It is one of four properties available individually or as part of a portfolio, providing a defined transaction structure for restaurant-oriented commercial real estate investors.

Key Highlights

  • 5,122‑square‑foot restaurant property built in 1985
  • Planned Applebee’s‑IHOP dual‑branded conversion
  • 20‑year absolute‑net sale leaseback structure

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Real Estate Agency Kitchen & Bath Showroom Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

669
Businesses Nearby

Demographics for 54166, WI

16,892
Population
8,884
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
146.0 sq mi
ZIP Area
116
Density / Sq Mi
$64,643
Median Household Income
$36,831
Median Earnings
$787
Median Rent
$169,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Dual-branded restaurant property structured with a 20-year absolute-net sale leaseback.
Where is this nnn property located?
The property is located at 1398 East Green Bay Street Shawano, WI.
What is the asking price?
The asking price for this property is $2,923,076.
What are key features of this property?
This property features: 5,122‑square‑foot restaurant property built in 1985; Planned Applebee’s‑IHOP dual‑branded conversion; 20‑year absolute‑net sale leaseback structure
More about this property
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