1295 Olympia Fields Dr - Restaurant FOR SALE


Oconomowoc, WI 53066
$3,625,417 USD
414-273-4600
1295 Olympia Fields Dr, Oconomowoc, WI for Sale
$3,625,417 USD
Restaurant - FOR SALE
1/14
null | 6% Cap Rate

1295 Olympia Fields Dr
Oconomowoc, WI 53066


HIGHLIGHTS

  • New 2026 Build-to-Suit First Watch restaurant investment
  • 10% rental increases every 5 years (and during each option)
  • Publicly traded corporate tenant: First Watch Restaurants, Inc. (NASDAQ: FWRG)
  • High-traffic corridor: I-94 ±60,000 VPD | Hwy 67 ±24,000 VPD
  • Strong co-tenancy and daily traffic drivers (Panera Bread + Chipotle)

OVERVIEW

New construction First Watch build-to-suit investment opportunity located at 1295 Olympia Fields Dr, Oconomowoc, WI, positioned within the Olympia Fields mixed-use development with immediate access to I-94 (±60,000 VPD) and Hwy 67 (±24,000 VPD). The property features a brand-new 10-year lease with 10% rent increases every five years, plus three (3) five-year options with 10% bumps in each option period. Lease is executed directly by First Watch Restaurants, Inc. (NASDAQ: FWRG), providing strong publicly traded corporate credit. The 3,850 SF restaurant sits on a 1.16-acre site with 75 parking stalls (19.5/1,000 SF). Located directly alongside other high-profile national tenants including Panera Bread and Chipotle (under construction). The trade area benefits from major retail momentum including a planned Costco, Sendik’s, Fleet Farm, Kroger Metro Market, and additional residential + mixed-use development throughout Lake Country.

FOR SALE DETAILS

PRICE

$3,625,417 USD

PRICE/SF

$941 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Watch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

-

APN/PARCEL ID

OCOC-0614-975-020

ASK ABOUT THIS PROPERTY

Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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