About This Restaurant
Investment Highlights
Recently Signed 15-Year Lease | Options To Extend |Scheduled Increases | Known Brand Pine Tree Plaza | Dense Retail Corridor | National/Credit Tenant Presence Strong Demographics In 5-Mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Located Along Milton Ave | Interstate 90 (55,600 VPD) | Drive-Thru Equipped | Excellent Visibility & Access
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, drive-thru equipped, KFC investment property located in Janesville, Wisconsin. The tenant recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 2,485
- Building Class C
- Year Built 2008
- Price 2,618,000
- Price Per SF 1,054
- Cap Rate 5.50
- NOI 144,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 0.48 AC
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Nearby Amenities & Transportation
Retail | WW | ||
Retail | Huhot Mongolian Grills | ||
Retail | La Michoacana Meat Market | ||
Retail | Starbucks | ||
Retail | Panda Express | ||
Retail | U.S. Bank | ||
Retail | Denny's | ||
Retail | Buffalo Wild Wings | ||
Retail | Fazoli's | ||
Retail | MOD Pizza |
Date Created: | 2024-07-16 04:25:42 | Last Updated: | 2024-07-16 04:25:42 |
Address: | 2425 Milton Ave , Janesville, Wisconsin, 53545 |