1295 Olympia Fields Dr - Restaurant FOR SALE


Oconomowoc, WI 53066
$3,625,417 USD
954-400-2748
1295 Olympia Fields Dr, Oconomowoc, WI for Sale
$3,625,417 USD
Restaurant - FOR SALE
1/10
null | 6% Cap Rate

1295 Olympia Fields Dr
Oconomowoc, WI 53066


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend | Scheduled Increases
  • NN+ Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Prime Location | Excellent Access & Visibility from Summit Avenue
  • Rapidly Expanding Mixed-Use Trade Area | Significant Residential Growth | Strong National Co-Tenancy
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

• The tenant recently executed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating long-term commitment to the site • The lease features 10% increases every 5-years throughout the initial term and at the beginning of each option period • First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 630 locations across 32 states

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 - Oconomowoc WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

GC

APN/PARCEL ID

OCOC-0614-975-020

ASK ABOUT THIS PROPERTY

Connor BartonSRS Real Estate PartnersMore Info
954-400-2748

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Connor BartonSRS Real Estate PartnersMore Info
954-400-2748

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