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The lease is NNN and includes one and one-half percent annual rent increases and four, five year options to renew. The landlord is responsible for roof, foundation and structure. Tenant is responsible for everything else. The lease is backed by 7-Eleven Corporate with an AA- Standard & Poor' s rating. The Property is located directly off of Highway 18 with excellent visibility and close proximity to Highway 100, 45 and Interstate 94. The property is located within a mile of a handful of National retailers including Starbucks, Jimmy John's, Subway, Qdoba, Taco Bell, Honey Baked Ham, H&R Block, Domino' s and FastSigns. The property is also located within a mile of the Milwaukee County Zoo, the Wisconsin Heart Hospital and the Milwaukee County Research Park. Average household incomes near the subject property reach $77,000 a year.
The investment consists of a 6,000 SF, single tenant leased to Concentra Health Services, Inc. The tenant executed a 10 year lease in 2004 which was just extended for an additional five years now expiring 11/30/2019, with one 5 year options to extend. In junction to the lease being extended an extra five years, rent increased $12,000/yr. or 16.66%. The lease is structured as double net whereas the tenant is responsible for all expenses associated with the property - excluding roof and structure. Tenant and Landlord have agreed to split the cost of replacing HVAC. The subject is surrounded by residential properties to the North and an industrial properties to the South. In 2013, the population in a five mile radius of the property is 532,209, within a three mile radius it is 243,655. Traffic counts along 35th street and I-94 are 17,900 vehicles per day and 146,000 vehicles per day respectively.
Subject property includes a 1.51 acre parcel of land. Improvements on the land consist of a 14,490sf freestanding, single story, single tenant building. The entire property encumbers almost one half of a city block. Asset was built for and is occupied by Walgreens, the number one retail pharmacy in the country. The offering includes both land and building which is secured by a 25yr absolute NNN lease requiring zero landlord maintenance responsibilities. The lease currently has just under 19 fixed years remaining on the initial term, followed by tenant termination options at 1 year increments for the duration of the lease. The property is encumbered by a creative assumable loan package that yields zero cash flow for the fixed lease term. The debt scenario is ideal for investors in need of tax shelter. As currently structured it provides zero phantom income and has flexible pre-payment options. The property is a newer modern prototype store and includes a drive thru pharmacy. The rent is lower than other comparable Walgreens properties in dense urban infill locations, and the purchase price allows an investor to acquire the property for an equity investment of only 12%.
The branch is afforded excellent visibility and accessibility due to its location at the hard corner of West National Avenue and South 4th Street. The site is further improved by its proximity to Interstate 94, a major regional thoroughfare. The building totals 6,250 square feet with one drive-thru and parking for 24 vehicles. The property is located in the historic Walker' s Point neighborhood. Originally a fur trading post, Walker' s Point one of three settlements that merged to create the City of Milwaukee is a residential and industrial neighborhood that is home to many bars and restaurants. The property is surrounded by a substantial population due to its urban location. A population of over 441,000 residents live within a 5-mile radius from the branch.
The Boulder Group is pleased to exclusively market for sale a single tenant McDonald' s ground lease located in Milwaukee. The McDonald' s is located within a densely populated area with limited restaurant options. This McDonald' s restaurant operates as a 24 location and has successfully operated at this property since 2001. There are over seven years remaining on the McDonald' s ground lease which features a 10% rental escalation in the primary term and in each renewal option period. There are absolutely no landlord responsibilities.
Frank's European Sausage Shop is for sale. Business and real estate including all equipment, solid customer base and amazing Old World sausage making recipes. The real estate is a classic brick building with 3 br, 1 bath upper apartment plus store and sausage making facility on main level. 2 large garages for at least 3 cars & extra storage. This 40 year old business was featured in the PBS Wisconsin Foodie show. Be your own boss and continue a great tradition.
FOR SALE 15,339± SF BUILDING ON 1.45± ACRES & ADJACENT 20± ACRES OF LAND (Includes: Storefront, Offices & Warehouse) Offered In Its Entirety This property can be used as is and offers exceptional expansion possibilities. It's located in a great area with close proximity to a strong retail corridor and adjacent to the fully signalized access to Uihlein Soccer Park and the Milwaukee Kickers (13 outdoor & 3 indoor soccer fields). This custom-built facility includes a showroom, offices and warehouse with a high bay, self-leveling semi-loading dock, heavy-duty commercial floor drain, steel stud walls, extra thick floor slabs & a pitched Spanish tile roof with a potential 50 year lifespan. Building Sizes: Storefront & Office Space 5,726± SF Warehouse & Service Space 9,613± SF Year Built: 1985 Lot Size: 1.45± Acres Zoning: CS (Commercial Service) Adjacent Land Details Lot Size: Two Parcels Totaling 20± Acres Zoning: CS (Commercial Service)
The Boulder Group is pleased to exclusively market for sale a fully leased three tenant strip center located in Milwaukee approximately five miles southwest of downtown. The recently developed Shops at Willow Creek Crossing was constructed in 2012 along a primary north-south thoroughfare within a dominant retail corridor. The center is leased to Mattress Firm, T-Mobile, and UBreakiFix with over 85% of the income coming from corporately guaranteed tenants. The Mattress Firm is corporately guaranteed by a publicly traded company (NASDAQ: MFRM) and the T-Mobile is guaranteed by a subsidiary of T-Mobile. UBreakiFix is an electronics repair company with over 150 locations in 23 states that is based in Orlando, Florida.
Prime location, existing tenant vacating, owner user or investor re- tenant. Situated in a densely populated retail location with good demographics.