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21074388
21059463

3055 WI-16, Onalaska, WI 54650

SN
WI 83357-94
eXp Commercial
Listed by eXp Commercial
$1,999,999
523 days on market
Updated 3 days ago

Famous Daves

Details
APN 017010315050
Property Type Industrial, Retail (+1)
Sub Type Restaurant, Warehouse
Square Footage 5,000
Cap Rate 6.41%
NOI $128,282
Occupancy 100%
Tenancy Single
Brand/Tenant Famous Daves
Lease Type Modified
Lease Term 5
Lease Expiration 02/20/2027
Remaining Term 0.7
Rent Bumps No
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $147,600
Broker Co-Op Yes
Class A
Year Built 1982
Stories 1
Acreage 0.770
Zoning Commercial
Parking Spaces 46 spaces
Parking Per SqFt 9.20
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 02/21/2022
Ceiling Height 11'-15'

Seller financing/Owner financing available! 35% down payment, 5% interest.

Marketing description

Seller financing available with 35% down payment and remaining balance at 5% interest! Good luck finding that kind of rate at a bank right now! Prime opportunity to own highly desired real estate right along Highway 16. Own a turnkey building with a rock solid national tenant that has been a pillar restaurant in the community for decades. Modified lease in place and priced at a 6.4 cap rate. Tenant responsible for ALL expenses except property taxes. Lease with current tenant runs through February 2027 which allows landlord to adjust monthly rent to account for property taxes, which would increase property to 7.4 cap! Over .75 acre lot with excellent visibility off of HWY 16 and tons of parking. Don't miss out on this investment opportunity!

Listing Contacts

SN
WI 83357-94
eXp Commercial
Listed by eXp Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$128,282.00
$10,690.17/mo

Valuation Metrics

0
DSCR
6.41%
Cap Rate
6.41%
ROI

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Additional Information

Name
Spenser Nickelatti
License
83357-94
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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