Anchor Bay Bar & Grill 1259 Anchor Landing Dr

Investment Highlights

18.4% cap rate - Popular riverside restaurant & bar with dedicated boat slips open year-round Offers a Northwoods relaxed & casual atmosphere welcoming locals and vacationers including boaters, golfers, snowmobilers, ohv riders, hikers, etc. Additionally available, but not included in the sale price, is a 0.44 acre lot with 5,000 sf pole building-providing multiple opportunities for growth Located in Central Wisconsin on the Wisconsin River, known for its scenic beauty and recreational opportunities. 5,813 sf building on 2.144 acres of land with a capacity of 336, indoor and outdoor seating and event space, numerous recent capital improvements

Executive Summary

SVN | Northco is pleased to present the listing of Anchor Bay Bar & Grill ("Property"), a popular waterfront restaurant and bar with dedicated boat slips open year-round in Wisconsin Rapids on the Wisconsin River. The Property was built in 2006 and is known for its excellent food including the Friday night fish fry and signature pizzas served by a friendly, efficient staff. The Property has a Northwoods relaxed and casual atmosphere and often welcomes boaters, golfers, snowmobilers, ohv riders, hikers, bikers, cross-country skiers, and fishermen. Anchor Bay has a capacity of 336 individuals and offers ample indoor and outdoor patio seating and event space while frequently having live music for guests to enjoy. The owners have made numerous recent capital improvements and also have an adjacent lot with pole building available for sale, as well, that provides multiple opportunities for growth of the operations.

• Sale Type    Investment
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    5,813
• Year Built    2006
• Price    1,495,000
• Price Per SF    257
• Cap Rate    18.40
• NOI    275,080
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    2.14 AC

• Restaurant
• Signage
• Waterfront
• Air Conditioning
• Smoke Detector