New Long Term Absolute NNN Sale-Leaseback – A new 15 year lease will commence upon close of escrow providing an Investor with 15 years of income. 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.
Successful Operator with Long Operating History – The Operator owns 3 Quaker units and is consistently ranked one of the best franchisees in the QSL system. This Middleton location has been operating successfully in this area as a Quaker Steak & Lube since 2004 (11 years).
Excellent Rent Growth -The lease provides for 1% annual rent increases for the entire 15 year term as well as the (3) 5-year Option Periods.
Recent Renovations – Commitment to Site – The franchisee invested $350,000 in renovations to the restaurant in 2014, showing their commitment to the site. Store sales have trended upward since the renovations.
Strategic Location with Excellent Visibility & Synergy – The subject property is located along WI-14 (26,000 cpd) at its intersection with WI-12 (42,000 cpd) offering excellent visibility and retail synergy. It is surrounded by dense residential and sits within a major retail/industrial/office corridor, with neighbors such as Costco, P.F. Chang’s, the UW Medical Center and other medical offices, Sports Clips, and Courtyard Marriott and Country Inn hotels.