Investment Summary
Price | $2,103,000 |
Cap Rate | |
NOI | |
Lease Term | 20 Years |
Lease Type | |
Rental Increases | 7.5% Rental Increases Every 5 Years |
Year Built | 2016 |
Building Size | 4,460 sq. ft. |
Lot Size | 1.85 Acres (80,586 sq. ft.) |
Status | Sold |
Lead Brokers | Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
LONG TERM ABSOLUTE NNN GROUND LEASE
» 20-year lease with 7.5% rental increases every 5 years
» No Landlord obligations – ideal low-management investment for an out-of-area investor
PRIME COMMUTER LOCATION IN MAJOR RETAIL CENTER
» Easy access to Interstate 43 on-ramp and off-ramp (48,000 AADT)
» Interstate 43 is the primary route to and from downtown Milwaukee
» Located at entrance to Grafton Commons, shadow anchored by Costco and featuring Best Buy, Kohl’s, Dick’s Sporting Goods, and others
LOCATED IN AFFLUENT COMMUNITY WITH STRONG DEMOGRAPHICS
» High average household income of $98,902 within a one-mile radius
» Ozaukee County is one of the nation’s wealthiest counties
» Second lowest poverty rate of any county in the U.S.
BRAND NEW CONSTRUCTION WITH CUSTOM DESIGN
» High-quality 2016 built-to-suit construction
» Custom-designed façade in honor of McDonald’s 60th anniversary
» 24-hour, two-lane drive-thru, providing unparalleled customer convenience and boosting sales revenue
» Large Lot – 1.86 Acres
Click Here to Download Offering Memorandum
Property Description
SOLD
The site is located just off of Interstate 43, the primary route to and from downtown Milwaukee, with a traffic count of 48,000 vehicles per day. The property is in a prime commuter location and benefits from its direct access to the Interstate 43 on-ramp and off-ramp. The property is located at the entrance to Grafton Commons, Grafton’s primary retail center. The center is shadow anchored by Costco and features national retailers like Best Buy, Kohl’s, Aldi, and Dick’s Sporting Goods. Target and Home Depot are directly across from the property. Other retailers in the immediate area include Meijer, Office Max, Ulta, and Men’s Wearhouse.
The site is located near Aurora Medical Center, a 107-bed general medical and surgical hospital. Grafton Corporate Park, Grafton High School, and Grafton Elementary School are also near the property, providing a large customer base for McDonald’s.