24 S Rolling Meadows Dr - Auto Dealership FOR SALE


Fond Du Lac, WI 54937- Suburban Fond du Lac
$5,793,103 USD
404-369-4352
24 S Rolling Meadows Dr, Fond Du Lac, WI for Sale
$5,793,103 USD
Auto Dealership - FOR SALE
1/6
null | 7.25% Cap Rate

24 S Rolling Meadows Dr
Fond Du Lac, WI 54937
Suburban Fond du Lac


HIGHLIGHTS

  • New 20-year absolute NNN lease at close of escrow, fully passive from day one.
  • 2.25% annual rent bumps compound to roughly 12% growth every five years.
  • Built in 2001 for Harley-Davidson use, with 25 years of continuous operation at this address. 4.8-star rating across 1,600+ reviews.
  • Located 60 miles from Harley-Davidson's Milwaukee headquarters, inside the brand's core home market.
  • In-place rent of $12.25 PSF sits below the $15.00 PSF market rate and the purchase price sits well below replacement cost.
  • Direct Interstate 41 visibility at roughly 44,000 VPD, near national retailers including Target, Walmart Supercenter, Hobby Lobby, Aldi and Menards.

OVERVIEW

OnPace Retail is pleased to exclusively offer for sale the 34,289 square foot Harley-Davidson dealership at 24 South Rolling Meadows Drive in Fond du Lac, Wisconsin. The offering is secured by a new 20-year absolute triple net lease executed at close of escrow, delivering fully passive income with no landlord responsibility for taxes, insurance, common area, roof and structure, repairs and maintenance, HVAC or utilities. The lease carries 2.25% annual rent escalations through the primary term and all five renewal options. Compounded, that produces 11.77% growth every five years and materially more total rent than the 10%-every-five-years step standard in dealership net lease. The building was constructed in 2001 specifically as a Harley-Davidson dealership and has operated in that use continuously ever since, roughly 25 years at one address. The dealership holds a 4.8-star rating across more than 1,600 reviews and anchors an active Harley Owners Group chapter. The property carries excellent visibility from Interstate 41 at the western edge of Fond du Lac's primary retail corridor.

FOR SALE DETAILS

PRICE

$5,793,103 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harley-Davidson | New 20-Yr Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

C-2

APN/PARCEL ID

FDL-15-17-17-11-002-00

ASK ABOUT THIS PROPERTY

Liam RowanOnPace PartnersMore Info
404-369-4352

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Liam RowanOnPace PartnersMore Info
404-369-4352

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