147 West End Cir - Fast Food FOR SALE


Verona, WI 53593- Outer Verona
$2,571,000 USD
760-448-2449
147 West End Cir, Verona, WI for Sale
$2,571,000 USD
Fast Food - FOR SALE
1/8
null | 5.25% Cap Rate

147 West End Cir
Verona, WI 53593
Outer Verona


HIGHLIGHTS

  • HIGH PERFORMING STARBUCKS LOCATION – RANKED TOP 24% IN WISCONSIN, TOP 27% NATIOWIDE & RANKED #2 WITHIN THE TRADE AREA (SOURCE: PLACER.AI)
  • CORPORATE LEASE GUARANTY – STARBUCKS CORP. – INVESTMENT GRADE CREDIT
  • 2022 CONSTRUCTION -NEWER ROOF (15-YEAR WARRANTY), HVAC, & PARKING LOT – LATEST STARBUCKS PROTOTYPE DESIGN
  • KEY BUSINESS DRIVER - STRATEGICALLY LOCATED ACROSS THE STREET FROM VERONA AREA HIGH SCHOOL (1,700 STUDENTS)
  • LOCATED 1.5 MILES FROM THE 1,100 ACRE EPIC SYSTEMS CAMPUS HQ – EMPLOY OVER 13,000 PEOPLE IN DANE COUNTY – CLOSE PROXIMITY TO US ROUTE 151 (25,000 VPD)
  • LOCATED IN THE BOOMING VERONA SUBMARKET WITHIN THE HIGHLY DESIRABLE MADISON MSA (13 MILES SOUTH) ONE OF THE FASTEST GROWING CITIES IN WISCONSIN

OVERVIEW

This newly constructed Starbucks (built in 2022), is on a 10-year Corporate (S&P: BBB+)lease. The roof, HVAC units, and parking lot are virtually brand new. This should ensure no capital expenditures for the landlord long-term, making this property a true passive investment. Verona, Wisconsin is one of the most desirable and fastest growing cities in Wisconsin. It is home to Epic Systems and lies just 13 miles south of Madison, Wisconsin. Between 2021 – 2022, the median household income grew 15.9%.

FOR SALE DETAILS

PRICE

$2,571,000 USD

PRICE/SF

$1,169 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

0608-211-8650-2

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.