1299 Olympia Fields Dr - Fast Food FOR SALE


Oconomowoc, WI 53066
$3,133,333 USD
954-400-2748
1299 Olympia Fields Dr, Oconomowoc, WI for Sale
$3,133,333 USD
Fast Food - FOR SALE
1/11
null | 5.25% Cap Rate

1299 Olympia Fields Dr
Oconomowoc, WI 53066


HIGHLIGHTS

  • Brand New 15-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 15-year lease with 4 (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 • The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with over 4,000 locations

FOR SALE DETAILS

PRICE

$3,133,333 USD

PRICE/SF

$1,333 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle - Oconomowoc WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

GC

APN/PARCEL ID

OCOC-0614-975-021

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.