This is a rare opportunity to acquire a coveted land site that is under a long-term ground lease with a popular restaurant that opened to much fanfare in 2016. The initial lease term of 20 years expires in 2036 and the occupier has four, five year options to extend their lease.
Key features of this offering include:
- 12+ years remaining on the lease with four (4), five (5)-year options to extend for a high-quality, investment-grade Tenant (Portillo’s).
- Project is in a high-traffic retail corridor in southeastern Wisconsin where there are strong demographics and desirable adjacencies.
- Building is newly constructed.
- Waukesha County is business-friendly, with low taxes and a great economic base.
- This is a rare opportunity to acquire a ground lease for a sought-after retailer/restaurant.