KFC | New 15yr Abs NNN w/ Incrs | DriveThru 2425 Milton Ave

2425 Milton Ave , Janesville, Wisconsin, 53545 | 2,485 sq.f | $ 2,618,000

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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