WI2WI
Brand New 12 Year Lease Extension | Rare Absolute Net Lease
Investment highlights
Brand new 12 year lease extension - Tenant representing astrong commitment to the location - Property is located in alarge business park and has been occupied by the tenantsince 2005
Rare absolute net lease structure - Zero landlord responsibilities
The subject property covers 39,972 square feet on 3.1 acres of land and includes 18,380 SF of office space and 21,592 SF of industrial space
Property features is a specialized facility with multiple "cleanrooms" and lab space, with the industrial area having a higher level of finish than usual, except for a small loading dock area. The Class 10,000 SF clean room is located in the middle of the two manufacturing floors. This clean room is vital for the manufacturing of crystal frequency tolerances that produce highly stable devices. The clean room ensures the highest level of quality for other commercial procedures such as base plating, plasma cleaning, vacuum sealing, etc
The property offers attractive annual rental escalations duringthe initial term and options
The tenant, Wi2Wi, is a globally integrated manufacturer andprovider of Wireless Connectivity Solutions, Timing Devices,Frequency Control Devices, and Microwave Filters
The surrounding area boasts a strong household income withina 1-mile radius of $157,370 and a population exceeding90,000 within a 5-mile radius. Middleton, a suburban city nearMadison, Wisconsin's capital, is the location of the property
National tenants in the vicinity include Costco, Ruth's Chris,IHOP, Michael's, Marshalls, Cooper's Hawk, Starbucks,HomeGoods, Taco Bell, Culver's, and other
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