42.4 F
West Bend

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

 

IMG_8490

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.

Leave a Reply

Work or the content on WashingtonCountyInsider.com cannot be downloaded, printed, or copied. The work or content on WashingtonCountyInsider.com prohibits the end user to download, print, or otherwise distribute copies.

Subscribe

FREE local news at Washington County Insider on YouTube

Related Articles