3631 Gateway Eau Claire WI 54701 Dr - Fast Food FOR SALE


Eau Claire, WI 54701
$2,903,225 USD
201-919-6148
3631 Gateway Eau Claire WI 54701 Dr, Eau Claire, WI for Sale
$2,903,225 USD
Fast Food - FOR SALE
1/4
null | 4.65% Cap Rate

3631 Gateway Eau Claire WI 54701 Dr
Eau Claire, WI 54701


HIGHLIGHTS

  • Absolute NNN Ground Lease w/ Future Rent Increases
  • Corporate Lease with One of the Fastest Growing Restaurant Chains in the US
  • Brand New Construction at Signalized Intersection
  • Dominant Retail Trade Area
  • Proximity to I-94 Interchange
  • Multiple Access Points & Double Drive-Thru

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the ground lease interest in the Raising Cane's located in Eau Claire, WI (“The Property”). The Property consists of a +/- 2,809 square foot, newly constructed freestanding retail building on a 1.09-acre parcel of land. Raising Canes will operate under a brand new 15-year absolute net lease that features 10% rent escalations every five years in the primary base term and throughout the five (5), five-year extension options. Additionally, the lease features zero landlord responsibilities, making this a highly passive net lease investment opportunity. See the lease abstract for full details.

FOR SALE DETAILS

PRICE

$2,903,225 USD

PRICE/SF

$1,034 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Prill Road

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

-

APN/PARCEL ID

15-3518-U

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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