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.