17685 W Bluemound Rd - Restaurant FOR SALE


Brookfield, WI 53045
$4,800,000 USD
602-538-7155
17685 W Bluemound Rd, Brookfield, WI for Sale
$4,800,000 USD
Restaurant - FOR SALE
1/5
null | 5.75% Cap Rate

17685 W Bluemound Rd
Brookfield, WI 53045


HIGHLIGHTS

  • Absolute NNN Ground Lease – zero landlord responsibilities
  • Long Term Primary Lease - ±11.5 years remaining
  • Long Term Primary Lease - ±11.5 years remaining
  • Portillo's saw a 4.5% increase in revenue, reaching $710.6 million in 2024
  • Extremely high average household earnings of $171,155
  • Directly situated next to Brookefield Lakes Corporate Center, a 158-acre, master-planned development with over 1,035,000 SF of office, retail, and hos

OVERVIEW

INVESTMENT HIGHLIGHTS • Absolute NNN Ground Lease – zero landlord responsibilities • Long Term Primary Lease - ±11.5 years remaining • Strong Corporate Guaranty TENANT HIGHLIGHTS • Portillo's saw a 4.5% increase in revenue, reaching $710.6 million in 2024 • The company currently operates 95 locations nationwide, employing over 8,000 people • Portillo's aims to expand to 920 locations across the U.S. in the coming years • Portillo’s (Nasdaq: PTLO) holds a current market capitalization of $783.7 million • Portillo’s went public in October 2021, raising $405 million in its initial public offering (IPO) LOCATION HIGHLIGHTS • Extremely high average household earnings of $171,155 • Directly situated next to Brookefield Lakes Corporate Center, a 158-acre, master-planned development with over 1,035,000 SF of office, retail, and hospitality • Excellent visibility along Highway 18, a major thoroughfare with strong traffic counts of ±36,100 VPD • Located in a highly sought-after retail corridor with national credit tenants such as: Dick’s Sporting Goods, Total Wine, Life Time Fitness, Hobby Lobby, and more • Waukesha County is business-friendly, with low taxes and a great economic base

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$532 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Portillo's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

-

APN/PARCEL ID

BRC-1120-975-001

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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