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Restaurant & Bar (Office ID 511WA-TL-WI-PM) 511 Wilmot Ave
4,785 SF of Retail Space Available in Twin Lakes, WI 53181
HIGHLIGHTS
- Full-Service Restaurant & Full-Service Bar + Full Liquor License Which Also Allows For Packaged Liquor To Be Sold - Can Also Re-Add Gaming
- Highly-Desirable Location In The Heart Of Twin Lakes - Right On The Water w/Easy Dock Access & Right On The Road w/Convenient Parking
- Surrounded By Many Lake Homes, Residential Neighborhoods & Local Businesses + Near The Downtown Area Of Twin Lakes
- 2-Story Freestanding Building On 16,000 SqFt Of Land Or .37-Acre Lot - Separate Bar Area/Dining Room/Covered Fenced-In Patio/Tiki Bar/2 Boat Slips
- Waterfront Property On Lake Mary - Also Situated On Wilmot Ave/S Lake Ave
- Lease The Space For $7,500/Mth ($15 SqFt NNN) - Landlord Offering A New Lease With Two 5-Year Options
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,785 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $71,775 /YR $5,981 /MO | Triple Net (NNN) |
1st Floor
Fully Equipped Restaurant & Bar Space for Lease on Twin Lakes Full Bar overlooking Twin Lakes Seats approx 100 Outside Patio Tiki Hut Real Estate Taxes $18,000 ( 2023) Basement Second Story Apartment or office Space Landlord owns all the Furniture/ Fixtures and Equipment
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air Conditioning
- Freezer Space
- Hardwood Floors
- Fully Equipped
- On the Lake
- Can add Gaming Machines
- Two Boat slips for the restaurant
- Can sell Packaged Liquor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 511 WILMOT AVE , TWIN LAKES, WI 53181
| Total Space Available | 4,785 SF | Gross Leasable Area | 7,000 SF |
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Restaurant | Parking Ratio | 4.29/1,000 SF |
| Total Space Available | 4,785 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,000 SF |
| Year Built | 2001 |
| Parking Ratio | 4.29/1,000 SF |
ABOUT THE PROPERTY
Fully-Equipped Waterfront Restaurant & Bar On Lake Mary In Twin Lakes, WI - Space For Lease! Seize the opportunity to lease a fully-operational, freestanding restaurant & bar located on the scenic shores of Lake Mary in Twin Lakes, WI. A highly-desirable location in the heart of Twin Lakes - right on the road with convenient parking and right on the water with easy dock access! Patrons can arrive by car, boat, jet ski, snowmobile and more!! Full-service restaurant and full-service bar with 5 beers on tap. Dine-in or out, takeout, pickup and 3rd party delivery, plus a full liquor license which also allows for packaged liquor to be sold. Nicely built-out. Features high ceilings, wood beams, expansive windows overlooking the lake, beautiful wood floors, exquisite lighting and gorgeous woodwork. As well as a separate bar area with several large-screen tvs, jukebox and inviting fireplace. In addition to a warm & cozy dining room, covered fenced-in patio and lower area with tiki hut. Ample seating both inside and out! Also, a fully equipped kitchen with large hood, 8-burner stove w/2 ovens, char grill, flat-top grill, 2 fryers, steam table, salamander, refrigerated prep table, refrigerated sandwich unit, walk-in cooler & freezer and more. Plus, a 2nd floor which can be used as an apartment or office. And a large basement with keg cooler, storage space and more. Along with 2 boat slips for customer use! Location: Prime retail space in a freestanding building on both Wilmot Ave/S Lake Ave and Lake Mary! Boasts excellent signage, high visibility, easy access by both roadway & water, ample parking (30 spaces) and convenient dock access. Perfectly situated directly on Lake Mary, a 327-acre all sport lake. A popular destination for boating, fishing, swimming and other water sports in the summer months, plus ice fishing, snowmobiling and other cold weather sports in the winter months. As well as fireworks displays, fishing derbies, boating festivals and other events throughout the year. A continuous haven for relaxation and activity! Plus, this incredible restaurant & bar is surrounded by many lake homes, residential neighborhoods and local businesses. And is conveniently located near the downtown area of Twin Lakes with many other sought-after shops and services. Well positioned in Twin Lakes which thrives year-round. It’s a great place for families, retirees or anyone looking for a great mix of outdoor recreation and small-town charm. A charming village that encapsulates the beauty and friendliness of Wisconsin’s lake regions, making it a delightful place to work, visit or call home! Plus, Lake Mary is only about an hour’s drive from Milwaukee and the Chicago suburbs, making it a popular weekend getaway destination! Property Information: Two-story freestanding building built in 2001. Single occupancy. On 16,000 sqft of land or .37-acre lot. 2023 real estate taxes $18,000. Lease Information: Leased space $7,500/mth ($15 SqFt NNN). Landlord offering a new lease with two 5-year options. Square Feet: 7,000 (4,785 1st Floor + 2nd Floor + Large Basement). Seating: 100+. Value of FF&E: Included In Asking Price (Valued at $75,000). Value of Inventory: Not Included In Asking Price. Seller Financing Available: No. Reasons for Selling: Available. Competition/Market: A standout destination. Welcoming lakeside atmosphere. Waterfront drinking and dining at its best. Spacious bar, dining room and outside area. Also, great for hosting events, parties, live music performances and large gatherings. Amazing indoor and outdoor seating with picturesque views of Lake Mary. Plus, able to cater to a variety of customer preferences and weather conditions. The property’s proximity to the lake creates an unmatched ambiance, drawing diners for lakeside meals, sunset views and water-themed events! Growth & Expansion: A “must stop” on the water. A great place for the entire family. The perfect place to drink, dine and chill on the water. A favorite spot in Twin Lakes. Area gem. Popular with both locals and visitors alike. And its ideal lakeside location offers breathtaking views, direct water access and a vibrant year-round customer base drawn to the natural beauty of the area. Also, in a thriving hub for tourism and year-round recreational activities, ensuring a consistent flow of customers! Plus, can re-add gaming for additional revenue! Listed by Pat Mahoney & Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC Feel free to stop by the location first. This is a HIGHLY confidential listing. If interested, please complete the short Message Form on the right or email Pat Mahoney at Pat@eatz-associates.com or call 847-208-9569 for more information.
- Fireplace
- Restaurant
- Security System
- Waterfront
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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Restaurant & Bar (Office ID 511WA-TL-WI-PM) | 511 Wilmot Ave
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