165 Crossroads Dr - Restaurant FOR SALE


Plover, WI 54467
$2,087,810 USD
414-273-4600
165 Crossroads Dr, Plover, WI for Sale
$2,087,810 USD
Restaurant - FOR SALE
1/8
null | 5.25% Cap Rate

165 Crossroads Dr
Plover, WI 54467


HIGHLIGHTS

  • Absolute NNN Ground Lease with minimal landlord responsibilities
  • Leased to Brinker Restaurant Corporation, operator of Chili's Grill & Bar
  • Approximately 6 years of firm lease term remaining through June 30, 2032
  • Located within Crossroads Commons, the dominant retail destination serving the Stevens Point and Plover trade area
  • Surrounded by Walmart Supercenter, Lowe's, Kohl's, Best Buy, TJ Maxx, Staples, McDonald's, and numerous national retailers

OVERVIEW

Mid-America Real Estate – Wisconsin LLC is pleased to exclusively offer for sale a freestanding Chili's Grill & Bar located at 165 Crossroads Drive in Plover, Wisconsin. The Property is leased to Brinker Restaurant Corporation under an Absolute NNN Ground Lease, providing investors with a passive ownership opportunity backed by one of the nation's most recognizable casual dining operators. The tenant is responsible for real estate taxes, insurance, utilities, maintenance, repairs, and all property-level operating expenses. The Property benefits from approximately six years of remaining lease term through June 30, 2032, following the tenant's recent exercise of its next five-year renewal option. Three additional five-year renewal options remain, each featuring 10% contractual rental increases, providing investors with long-term income growth. Strategically positioned within Crossroads Commons, the Property is located in the premier retail corridor serving the Stevens Point and Plover trade area. The surrounding tenant mix includes Walmart Supercenter, Lowe's, Kohl's, Best Buy, TJ Maxx, Staples, McDonald's, and numerous additional national retailers that generate consistent consumer traffic throughout the corridor. Immediate access to Interstate 39 further enhances the Property's regional accessibility and long-term investment appeal.

FOR SALE DETAILS

PRICE

$2,087,810 USD

PRICE/SF

$334 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

-

APN/PARCEL ID

173-23-0811-04.21

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.