2821 Hendrickson Dr - Fast Food FOR SALE


Eau Claire, WI 54701
$1,008,000 USD
612-413-4200
2821 Hendrickson Dr, Eau Claire, WI for Sale
$1,008,000 USD
Fast Food - FOR SALE
1/5
null | 6.25% Cap Rate

2821 Hendrickson Dr
Eau Claire, WI 54701


HIGHLIGHTS

  • Absolute NNN Lease
  • Strategic Location
  • Established Regional Market
  • Strong Demographics
  • Long-Term Tenant with Large Franchisee Operator
  • Drive-Thru Oriented Asset

OVERVIEW

Absolute NNN Lease - This property offers a new absolute NNN lease with zero landlord responsibilities. The lease has over 12 years remaining, featuring rent increases and four 5-year options. Plus, the location benefits from being an established, long-term location for this national tenant. Strategic Location - Located in a retail corridor along Hendrickson Drive / WI Hwy 37 with traffic counts over 13K vehicles per day. The property is easily accessible with a drive-thru, ample parking, and signage. Located less than one mile from the University of Wisconsin-Eau Claire and Chippewa Valley Technical College. Established Regional Market - Located in Eau Claire, the property benefits from the city’s role as a regional hub for west-central Wisconsin, also known as the Chippewa Valley, serving over 175,000 people. Eau Claire is home to the University of Wisconsin-Eau Claire, with a student population of over 10,000. Strong Demographics - Located about 1.5 hours east of the Twin Cities. Eau Claire is the second-fastest-growing major city in Wisconsin. The area within a ten-mile radius of the property has a population exceeding 110,000 people, with an average household income of over $100,000. Long-Term Tenant with Large Franchisee Operator - Arby's has been successfully operating at this location for many years. This location is managed by DRM Inc., the 2nd largest Arby’s franchisee. DRM currently owns and operates 118 Arby’s restaurants in seven Midwest states, with the Corporate Office located in Omaha, Nebraska. Drive-Thru Oriented Asset - The property features a drive-thru configuration, catering to convenience-based consumer demand.

FOR SALE DETAILS

PRICE

$1,008,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | Eau Claire, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,390 SF

ZONING

C3H

APN/PARCEL ID

15-1056-D

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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