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29804833
29804834

101 Frances Ln, Beaver Dam, WI 53916

MC
MI 6501369793
SRS Real Estate Partners Newport Beach
FR
MI 6502417063
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,547,000
108 days on market
Updated 18 days ago

Starbucks & Dollar Loan Center

Details
APN 206-1214-2711-012
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 4,075
Units 2
Cap Rate 6.5%
NOI $165,535
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks
Lease Type NNN
Rent Bumps Yes
Price per SqFt $625
Year Built 2024
Buildings 1
Stories 1
Acreage 1.400
Zoning Commercial
Parking Spaces 57 spaces
Parking Per SqFt 13.99
Investment Type Net Lease
Ownership Fee Simple

Retail | 6.50% CAP | 4,075 SqFt

Marketing description

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a drive-thru equipped, 100% occupied, 2-tenant Starbucks (NASDAQ: SBUX | S&P: BBB+) and Dollar Loan Center pad located in Beaver Dam, Wisconsin. The property spans across a 1.40-acre lot and consists of two suites totaling 4,075 SF. Built in 2024, the property offers state-of-the-art construction and top-tier amenities, significantly reducing the risk of near-term capital expenditures. Both tenants recently signed new 10- and 5-year leases with scheduled rental increases and multiple options to extend, demonstrating their long-term commitment to the site. Both leases are NNN in nature, minimizing expense leakage for a future investor. Starbucks occupies the larger end cap suite and is equipped with a drive-thru, providing ease and convenience for customers.

Investment highlights

  • 100% Occupied | 2024 Construction | NNN Leases | Drive-Thru

  • Signalized, Hard Corner Intersection | Dense Retail Corridor

  • Strong Demographics in 5-Mile Trade Area

Listing Contacts

MC
MI 6501369793
SRS Real Estate Partners Newport Beach
FR
MI 6502417063
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,535.00
$13,794.58/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Sean Lutz
License
WI License No. 60281-90
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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