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33703709
33703704

297 S EISENHOWER PKWY, RHINELANDER, WI 54501-8361

VP
MI MI 6501400083
Alrig USA
Listed by Alrig USA
$2,327,571
11 days on market
Updated 11 days ago

Starbucks & Jersey Mikes

Details
APN RH-9104-0910
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 4,611
Cap Rate 7.00%
NOI $162,930
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 10
Remaining Term 7
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2023
Acreage 1.480
Parking Spaces 50 spaces
Parking Per SqFt 10.84
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee (+1)
Ground Lease No
Sale Condition For sale by owner

100% Leased | 4,611 SF

Investment highlights

  • Fully Leased Two-Tenant Retail Building Occupied by Starbucks and Jersey Mike’s Subs
  • All Tenants are Operating on 10-Year NNN Leases | Minimal Landlord Responsibilities
  • Jersey Mike’s Plans to Be Open and Commencing Rent By September 1, 2026
  • Both Tenants Have Favorable Rent Increases Every Five Years, Including All Option Periods
  • Corporate Guaranteed Starbucks Lease | (NASDAQ: SBUX | S&P: BBB+)
  • Jersey Mike’s Lease is Personally Guaranteed from a Successful Experienced Owner/Operator
  • Starbucks Space Equipped with Drive-Thru Lane
  • Newer Construction | Built in 2023
  • Adjacent to High Performing Walmart Supercenter
  • High Visibility | Located on Eisenhower Pkwy (6,900+ CPD) | Just Off Hwy 17 (11,900+ CPD)

Listing Contacts

VP
MI MI 6501400083
Alrig USA
Listed by Alrig USA

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$162,930.00
$13,577.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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B-3 CommercialGeneral CommercialGeneral Business
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View all 78 uses
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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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