About This Restaurant
Investment Highlights
3.5 Years Remaining | Annual Rental Increases | Options to Extend | Strong Franchisee Fronting W. Lisbon Ave | Surrounding National/Credit Tenants | Drive-Thru Equipped | Excellent Visibility & Access Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics In 5-mile Trade Area
Executive Summary
? The tenant, Burger King, has 3.5 years remaining on this lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site? Signed lease by Cave Enterprises, a strong Burger King franchisee with 181 Burger King locations across 6 states? The lease features 1.50% annual rental increases, growing NOI and hedging against inflation
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 2,318
- Building Class B
- Year Built 1984
- Price 1,236,000
- Price Per SF 533
- Cap Rate 6
- NOI 74,176
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.86 AC
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
| Date Created: | 2024-07-16 04:25:42 | Last Updated: | 2024-07-16 04:25:42 |
| Address: | 5812 W Lisbon Ave , Milwaukee, Wisconsin, 53210 | ||