W249N6498 State Road 164 - Retail FOR SALE


Sussex, WI 53089
$1,155,537 USD
513-300-0763
W249N6498 State Road 164, Sussex, WI for Sale
$1,155,537 USD
Retail - FOR SALE
1/4
null | 4.75% Cap Rate

W249N6498 State Road 164
Sussex, WI 53089


HIGHLIGHTS

  • Absolute triple net lease with zero landlord responsibilities
  • Very low rent basis and well below market rental rate, providing long term security and strong residual value
  • Offered at an attractive low price per square foot for a 2016 construction quick service restaurant in the Milwaukee MSA
  • High image 2016 Taco Bell prototype with full drive thru, modern layout, and efficient operational design
  • Corporate guaranty from Taco Bell of America LLC for the full lease term
  • Four five year options with rental increases every five years, creating steady long term income growth

OVERVIEW

Introducing an exceptional investment opportunity – TACO BELL GROUND LEASE, located at W249N6498 Wisconsin 164, Sussex, WI 53089. This property presents a lucrative Absolute NNN Ground Lease with Taco Bell of America, LLC as the corporate tenant, offering a very low rent basis of $54,888 per year and a 4.75% CAP rate. The 2,000 SF building sits on 0.79 Acres of land and boasts a high image 2016 Taco Bell prototype complete with a drive-thru. The lease includes a corporate guaranty from Taco Bell of America LLC and is operated by Albor Restaurant Group LLC. With four five-year options and rental increases every five years, this investment promises steady long-term income growth. Strategically located in Sussex, WI, in a high-income area near major national retailers, this property enjoys excellent visibility and access. Don't miss out on this rare opportunity to acquire a prime retail asset with a strong tenant and promising potential.

FOR SALE DETAILS

PRICE

$1,155,537 USD

PRICE/SF

$578 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

45,014 SF

ZONING

-

APN/PARCEL ID

SUXV-0231-989-001

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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

Brian BrockmanBang RealtyMore Info
513-300-0763

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