2980 Golf Ct - Restaurant FOR SALE


Delafield, WI 53018
$2,750,000 USD
470-344-2586
2980 Golf Ct, Delafield, WI for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/6
null | 4% Cap Rate

2980 Golf Ct
Delafield, WI 53018


HIGHLIGHTS

  • 15-Year Lease | Corporate Guaranty (Chick-fil-A, Inc.) |Several Option Periods | Rental Increases
  • Absolute NNN Ground Lease | Leased Fee (Land Ownership) |Zero Landlord Responsibilities
  • Outparcel to Shoppes at Nagawaukee II | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Located Directly Off Interstate 94 (63,900 VPD) | Drive-Thru Equipped
  • Strong Demographics in Local Trade Area | Six Figure Incomes

OVERVIEW

• 15-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site • The lease feature a corporate guaranty from Chick-fil-A, Inc., a private corporation with more than 3,000 under operation nationwide • 10% rental increases beginning in year 10 and every 5 years during the initial term, and at beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$565 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

GC

APN/PARCEL ID

DELC-0804-982-002

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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