Story originally post Jan. 13, 2016 – Applebee’s in WB Sold

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Apparently there’s some scuttlebutt about this again – here’s the original post from Jan. 13, 2016. Find all your local news first at http://www.washingtoncountyinsider.com

The Applebee’s, 2510 W. Washington St., in West Bend has been sold.

GE Capital Franchise Finance Corp. sold on Dec. 8, 2015 to Broadstone Net Lease which 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.

The sale price was $2,266,193.

According to city records the property had a 2015 assessed value of $1,168,400.

GE Capital Franchise Finance Corp. bought the property in Aug. 1, 1998 for $1.2 million.

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