New Long Term Absolute Triple-Net (NNN) Sale-Leaseback – A new 15 year lease will commence on close of escrow. The Absolute NNN lease gives the Landlord zero management responsibilities. The Tenant is responsible for property taxes, insurance, all property maintenance, and all maintenance of the Building.
Travel Centers of America Acquires QSL – Travel Centers of America just closed on its purchase of the Quaker Steak & Lube portfolio, with plans to grow Quaker Steak & Lube into a nationally recognized brand and increase the profitability of existing operations.
Proven Tenant Concept – The property is leased by Quaker Steak & Lube, a unique motorsports themed casual dining restaurant with 56 locations throughout the United States & Canada..
Top Franchise with Successful Operator – Quaker Steak is a popular and successful franchise, and was named the #4 Best Franchise in America by Forbes in 2014. The Janesville operator is consistently ranked one of the best franchisees in the QSL system.
Excellent Rent to Sales Ratio – Sales Trending Upward – The 2015 Rent to Sales Ratio was 7.8%, confirming this is a healthy and profitable store. In addition, sales continue to trend upward in 2016.
Strategic Location with Excellent Visibility & Synergy – The subject property is located at the intersection of WI Hwy 14 (16,000 cpd) and Interstate 90/39 (55,000 cpd) offering excellent visibility for the site.