First Watch 5320 S 76th St 5,125 SF Retail Building Greendale, WI 53129 $3,440,000 ($671.22/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranty
- 1 of 5 First Watch Restaurants in Milwaukee MSA
- 10% Annual Rent Increases Every 5 Years
EXECUTIVE SUMMARY
First Watch Restaurant NNN Sale opportunity. Corporate guaranteed Lease. Restaurant is located as an outparcel to Southridge Mall adjacent to newly constructed Raising Cane's and Bank of America.
$189,000/year in Base Rent with 10% rent increases every 5 years. Minimal Landlord responsibility.
$189,000/year in Base Rent with 10% rent increases every 5 years. Minimal Landlord responsibility.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,125 SF
Building Class
C
Year Built/Renovated
2009/2022
Price
$3,440,000
Price Per SF
$671.22
Cap Rate
5.50%
NOI
$189,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.58 AC
Zoning
Commercial
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
265’ on S 76th St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 650-9990-032 | Improvements Assessment | $925,300 |
| Land Assessment | $799,700 | Total Assessment | $1,725,000 |
