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Passive Investment with New Long Term Absolute NNN Lease – The new 20-year Absolute Triple-Net (NNN) lease provides an investor with excellent passive income with zero management.
Proven Successful Operator -The Operator, Southern Wisconsin Foods LLC, operates 9 Burger King units in the state of Wisconsin and has successfully grown the gross sales of this location year over year since it was built in 1988.
Annual Rent Growth -The lease provides for 1% annual rent increases for the entire 20 year term which includes the (2)-5 year Option Periods.
Long Operating History with Strong Unit Level Sales -This Waterford location has been operating successfully in this trade area as a Burger King since 1988 (27 Years). The tenant has strong unit level sales, currently reporting a 6.6% Rent to Sales ratio.
Future Facade Change to Meet Burger King’s Corporate Standards – The tenant’s franchise agreement requires that the building’s exterior and interior be converted to the latest Burger King Corporate Standards by July 2016. The roughly $350,000 investment ensures their commitment to the site and will improve the overall value of the property.
Strategic Location & Retail Synergy – The subject property is located at the signalized intersection of State Route 36 (13,000 vpd) and State Route 20 (7,000 vpd), offering excellent visibility and quick access to surrounding major cities such as Milwaukee (only 28 miles away), Madison (73 Miles) and Chicago (83 Miles).