Fazolis Restaurant | Outparcel to Kohls Anchored Center
Wausau, WI
Price: $850,000Cap Rate: 6.25%Building SF: 2,791 SFLot Size: 41,818 SFYear Built: 1997Status: Under Contract

Investment Highlights: 

Fazoli’s Restaurants: Nationally Recognized Brand – Corporate Lease Guaranty – Revitalized & Growing Concept – The property is leased to and guaranteed by Fazoli’s Restaurants, LLC (Corporate), an Italian-American fast casual restaurant chain with nearly 220 restaurants in 27 states.  Since the beginning of 2018, Fazoli’s has opened five restaurants across the country with plans to open an additional seven by year’s end for a total of 12 locations, setting a record for the most openings since 2002 (Source-Fast Casual.com).

20+ Year Operating History – 4.55% Rent to Sales Ratio – Commitment to Site – Rent Growth – Fazoli’s has operated at this location since 1997 (20+ years). The Tenant has reported an ideal 4.55% rent to sales ratio at this location and recently exercised their first Option to Extend, reflecting their commitment to the site. The lease features (2) additional 5-year options with 6% rent increases staggered throughout the remaining term and the additional Option periods. The Absolute NNN structure of the ground lease offers zero landlord responsibilities, providing an investor with a passive income stream. 

Located on Outparcel to Kohl’s Anchored Center – Adjacent to Walmart Supercenter & Sam’s Club, Across from Hobby Lobby – The subject property is located on an outparcel to a Kohl’s with strong co-tenants in the center including Barnes & Noble, Pier 1 Imports, JoAnn Fabrics, TJ Maxx, OfficeMax, Best Buy, Men’s Wearhouse, Dollar Tree, Rocky Rococo Pizza, and Olive Garden. The subject property fronts Rib Mountain Dr, offering excellent visibility to 15,000+ cars per day, and is situated in a dense retail area with neighboring tenants such as Walmart Supercenter, Sam’s Club, Hobby Lobby, PetSmart, Bed Bath & Beyond, Old Navy, Gordmans, Michaels, Aldi, McDonald’s, Red Robin, Starbucks, Texas Roadhouse, and more.  

Parallel to Highway 51/29 – Quick Access to Interstate 39 to Downtown Wausau – Rib Mountain Dr runs parallel to Hwy 51/29 (50,000+ cars per day), and is less than a mile from the on/off ramp onto the freeway which merges into Interstate 39, making it an easy on/off stop for commuters traveling to/from Downtown Wausau and other nearby cities.

Proximity to Popular Tourist Attractions: State Park Speedway, Granite Peak Ski Area – The property is located close to state parks, the Wausau 525 Racetrack & State Park Speedway, and Granite Peak Ski Area, a 200+ acre ski resort that boasts the longest/highest high-speed chairlift in the Midwest.

Located in Wausau – Diverse Economy – New Development & Revitalization in the Area – The subject property is located in Wausau, the county seat of Marathon County, which is Wisconsin’s largest. The Wausau metro area including Wausau, Schofield, Rothschild, Weston, and Rib Mountain has over 90,000 residents. While nearly one-third of the county’s economy is manufacturing based, the balance of service and industry provides for a very stable workforce. Major employers include Aspirus Wausau Hospital, Apogee Wausau Group, Eastbay, Fiskars, Inc., Kolbe & Kolbe Millwork, Marathon Electric, and Marshfield Clinic-Wausau Center. 


In recent years, the city has entered into several highly successful private-public partnerships that have transformed the skyscape and vistas of the downtown rivers edge. These projects have renergized the city and increased the tax base and employment in the community. Additionally, with the approval of the Wausau Central Business District General Plan, Wausau has plans for continued development along the Hwy 51/29 corridor, enhancements to the 400 block and expansion of the river edge trail, and the redevelopment of property along the Wisconsin River, and Third Street to name a few.

Ryan Barr

O. 760.448.2446
F. 760.929.9977

Ryan Bennett

O. 760.448.2449
F. 760.929.9977