3030 Milton Ave - Fast Food FOR SALE


Janesville, WI 53545
$3,052,631 USD
925-390-8518
3030 Milton Ave, Janesville, WI for Sale
$3,052,631 USD
Fast Food - FOR SALE
1/14
null | 4.75% Cap Rate

3030 Milton Ave
Janesville, WI 53545


HIGHLIGHTS

  • Absolute NNN Ground Lease with Zero Landlord Obligations
  • Corporate Guarantee
  • Rental Increases Every 5 Years
  • Situated in Janesville’s Main Retail Hub
  • Limited Availability in a Highly Competitive Real Estate Market
  • Directly Off the Heavily Traveled I-90, the Main Artery Connecting Rockford to Madison

OVERVIEW

The Kase Group is pleased to present a prime investment opportunity with a Raising Cane’s location in Janesville, Wisconsin, offered on an absolute NNN ground lease. This lease spans over 15 years and includes five 5-year renewal options, with a 10% rent increase every five years. The store, constructed in 2025, opened its doors on January 14th and boasts brand-new construction. Strategically positioned on Milton Avenue, a major retail and commuter thoroughfare with over 58,000 vehicles passing daily, the site serves as a key connection between Rockford and Madison. The surrounding area benefits from significant daytime traffic due to the presence of numerous industrial facilities. The property is conveniently situated near Uptown Janesville, a sprawling 627,128-square-foot shopping center anchored by prominent retailers such as Dick’s Sporting Goods and Kohl’s. Adding to its appeal, the mall connects to the state-of-the-art Woodman's Sports & Convention Center, a versatile 136,000-square-foot facility offering a wide range of amenities. These include ice rinks, turf fields, sport courts, meeting rooms, and event spaces. Neighboring tenants include prominent brands such as Hy-Vee Grocery Store, Sam’s Club, Walmart, Festival Foods, Dollar Tree, Dunham’s Sports, Prime Quarter Steak House, Arby’s, Five Guys, Chili’s Grill & Bar, Popeyes Louisiana Kitchen, Target, Chipotle Mexican Grill, Panda Express, Hobby Lobby, AT&T Store, O’Reilly Auto Parts, Panera Bread and many more.

FOR SALE DETAILS

PRICE

$3,052,631 USD

PRICE/SF

$1,087 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Ground Lease Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

46,877 SF

ZONING

B4

APN/PARCEL ID

021-8300140

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

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

Jason DenhamThe Kase GroupMore Info
925-390-8518

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