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Restaurant

Taco John's (Prime Location Near Milwaukee Airport - 24/7 Traffic)

4650 S 5th St, Milwaukee, WI 53221

Listing Price: $1,518,000

Cap Rate
5.60%
Tenant Name
Taco John's
Years Remaining On Lease
18.6
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.42

Investment Overview

Marcus and Millichap is proud to offer for sale a brand new construction Taco John’s that operates on a ground lease in Milwaukee, WI. Pentex Restaurant Group, a leading 40+ unit Taco John’s franchisee, recently executed a long term 20-year ground lease on a 0.74 acre corner lot just blocks from the Milwaukee International Airport. The lease provides a landlord a completely passive investment and offers 10% rental increase every 5 years providing a hedge against inflation. Taco Johns is located adjacent to the 120 room Courtyard Mariott Milwaukee Airport Hotel and across from Old Dominion Freight. The corner lot is exposed to a combined 26,219 vehicles per day along West Layton Ave and South 6th Street.

Investment Highlights

  • Brand New 2023 Construction – Latest Taco John's Prototype, 2,400 SF Building, Corner Lot Spanning 0.74 Acres
  • Long Term 19 Year Ground Lease - 10% Rental Increases Every 5 Years
  • Operated by Pentex Restaurant Group – Leading Taco John's Franchisee Operating 40+ Units
  • Exposed to a Combined 26,219 Vehicles Passing Daily Along West Layton Ave and South 6th Street
  • Situated Adjacent to 120 Room Courtyard Marriott and 0.5 Miles From Milwaukee Airport (4.5 Million Travelers Annually)

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Restaurant

Taco John's (Prime Location Near Milwaukee Airport - 24/7 Traffic)

Listing Price: $1,518,000

Cap Rate
5.60%
Tenant Name
Taco John's
Years Remaining On Lease
18.6
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Lease Type
NNN Ground Lease
Rent Per Square Feet
$35.42

Investment Highlights

  • Brand New 2023 Construction – Latest Taco John's Prototype, 2,400 SF Building, Corner Lot Spanning 0.74 Acres
  • Long Term 19 Year Ground Lease - 10% Rental Increases Every 5 Years
  • Operated by Pentex Restaurant Group – Leading Taco John's Franchisee Operating 40+ Units
  • Exposed to a Combined 26,219 Vehicles Passing Daily Along West Layton Ave and South 6th Street
  • Situated Adjacent to 120 Room Courtyard Marriott and 0.5 Miles From Milwaukee Airport (4.5 Million Travelers Annually)

Investment Overview

Marcus and Millichap is proud to offer for sale a brand new construction Taco John’s that operates on a ground lease in Milwaukee, WI. Pentex Restaurant Group, a leading 40+ unit Taco John’s franchisee, recently executed a long term 20-year ground lease on a 0.74 acre corner lot just blocks from the Milwaukee International Airport. The lease provides a landlord a completely passive investment and offers 10% rental increase every 5 years providing a hedge against inflation. Taco Johns is located adjacent to the 120 room Courtyard Mariott Milwaukee Airport Hotel and across from Old Dominion Freight. The corner lot is exposed to a combined 26,219 vehicles per day along West Layton Ave and South 6th Street.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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