2425 Milton Ave - Fast Food FOR SALE


Janesville, WI 53545
$2,618,000 USD
480-221-4221
2425 Milton Ave, Janesville, WI for Sale
$2,618,000 USD
Fast Food - FOR SALE
1/5
null | 5.5% Cap Rate

2425 Milton Ave
Janesville, WI 53545


HIGHLIGHTS

  • Brand New 15 Year Lease | Options To Extend | Scheduled Increases Strong Operator | Well Known Fast-Food Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Pine Tree Plaza | Dense Retail Corridor | National/Credit Tenant Presence
  • Located Along Milton Ave | Interstate 90 (49,900 VPD) | Drive-Thru Equipped | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, drive- thru equipped, Church’s Chicken investment property located in Janesville, Wisconsin. The tenant recently signed a 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,618,000 USD

PRICE/SF

$1,054 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Church's Chicken | Brand New 15 Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

B2

APN/PARCEL ID

021-9200011

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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