Applebee’s–IHOP Dual-Brand
For Sale
Contact for pricing
15505 Rock Ridge Road, New Berlin, WI 53151
Restaurant property planned for conversion to a combined Applebee’s and IHOP concept under a 20-year absolute-net sale leaseback.
Property Size4,775 SF
Price / SF$724.93
Days on Market33
Property Features for 15505 Rock Ridge Road
General Information
Standard status
Active
Size
4,775 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$225,000
Building Details
Year Built
1990
Listing Agency:
CBRE - Milwaukee
Listed By:
Nathan Powers · License #WI 834409-91
Source:
Crexi
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 29 at 5:17PM
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 4,775-square-foot restaurant property at 15505 Rock Ridge Road in New Berlin, Wisconsin, was constructed in 1990. The site is scheduled for conversion into a dual-branded Applebee’s and IHOP location, combining the two restaurant concepts in one operation.
The offering is structured as a 20-year sale leaseback with absolute-net lease terms. The property is one of four assets available individually or as part of a portfolio, and the planned concept is intended to provide breakfast, lunch, dinner, beverages, and desserts from a single location.
The offering is structured as a 20-year sale leaseback with absolute-net lease terms. The property is one of four assets available individually or as part of a portfolio, and the planned concept is intended to provide breakfast, lunch, dinner, beverages, and desserts from a single location.
Key Highlights
- 4,775‑square‑foot restaurant property
- Scheduled Applebee’s–IHOP dual‑branded conversion
- 20‑year absolute‑net sale leaseback structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53151, WI
32,535
Population
14,324
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
1,859
Density / Sq Mi
$99,248
Median Household Income
$59,197
Median Earnings
$1,424
Median Rent
$351,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property planned for conversion to a combined Applebee’s and IHOP concept under a 20-year absolute-net sale leaseback.
Where is this conventional restaurant located?
The property is located at 15505 Rock Ridge Road New Berlin, WI.
What is the asking price?
The asking price for this property is $3,461,538.
What are key features of this property?
This property features: 4,775‑square‑foot restaurant property; Scheduled Applebee’s–IHOP dual‑branded conversion; 20‑year absolute‑net sale leaseback structure
