1703 East Bridge St , New Lisbon, WI, 54950
Property Details
-
Price:
$3,908,000
-
Property Type:
Retail
-
Availability:
Available
-
Transaction Type:
For Sale
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Cap Rate:
7%
-
Lot Size:
4.18 AC
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Lease Type:
NNN
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Lease Term:
20 years
-
Year Built:
2015
-
Tenancy:
Multi Tenant
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Available SF:
7,943 SF
Property Description
- 100% Leased to McDonald’s, Mega Co-Op Gas/Convenience Store and Real Taste Garden
- Corporate Guaranteed Leases from McDonald’s (S&P Rated ‘BBB+’) and Mega Co-Op (33 Units)
- Passive Investment Opportunity, Mega Co-op Maintains and Manages the Center and Bills McDonald’s Directly for Expense Reimbursements
- Rare 12% Rent Increases Every 5 Years for McDonald’s
- High-Quality 2015 Block Construction with Double Drive-Thru Lane
- Limited Landlord Responsibilities, 13 Years Remaining on 20-Year Roof Warranty
- McDonald’s Recently Completed a Tenant Funded Dining Room and Drive-Thru Update to Latest Prototype Design
- 15 Fuel Dispensers Along with a Car Wash, Offering Bonus and Accelerated Depreciation Potential (See Page 8 of OM)
- Just Off I-90 with 34,600 Cars/Day, Direct Access to Madison (78 Miles) and Minneapolis (188 Miles)
- Large 4.18 Acre Parcel, Additional Travel Stop Parking for Trucks
- Limited Fast-Food Competition in Trade Area, 10 Miles to Closest Quick-Service Restaurant
- 38 Colleges within 100 Miles of New Lisbon Enrolling a Total of 196,457 Students
- $81,317 Average Household Income within a 5-Mile Radius
Financial Summary
Investment Highlights
| Price |
$0.00 |
| Price / Unit |
$0.00 |
| Gross Rent Multiplier |
0.00 |
| Proposed Loan Amount |
$0.00 |
| Initial Investment |
$0.00 |
Income & Expenses
Expense
|
Potential
|
Current
|
Total Expenses
|
$ 0.00
|
$ 0.00
|
| Net Operating Income |
$0.00 |
$0.00 |
| Less Debt Service |
$0 |
$0 |
| Potential Net Cash Flow |
$0.00 |
$0.00 |
| Cash on Cash Return |
0.00 % |
0.00 % |
| Capitalization Rate |
0.00 % |
0.00 % |
Rent Roll
Unit
|
BR/BA
|
Current Monthly Rent
|
Potential Monthly Rent
|
Status
|
Lease Expires
|
Totals
|
$ 0.00
|
$ 0.00
|
