Restaurant
Tropical Smoothie Cafe
2821 Milton Ave, Janesville, WI 53545
Listing Price: $1,502,000
Cap Rate
6.25%
Tenant Name
Tropical Smoothie Cafe
Gross SF
1,878
Guarantor
Franchisee Guarantee
Rentable SF
1,878
Price/Gross SF
$799.79
Lease Type
Absolute Net
Rent Per Square Feet
$50.00
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Tropical Smoothie Cafe in Janesville, WI
Tropical Smoothie Cafe
Investment Highlights
- LOW PRICE POINT NNN SALE LEASEBACK WITH 10+ YEARS REMAINING
- LOCATED ON WI-26 - JANESVILLE'S PRIMARY NORTH-SOUTH COMMERCIAL CORRIDOR WITH TWO I-90 ON-RAMPS WITHIN ONE MILE
- DIRECT ACCESS TO I-90 - A MAJOR INTERSTATE CONNECTING THE CHICAGO, MADISON, AND ROCKFORD MARKETS
- PROFITABLE LOCATION WITH STRONG STORE LEVEL FINANCIALS (2.62X EBITDAR COVERAGE)
- SALE LEASEBACK GUARANTEED BY A 21-UNIT ENTITY OPERATED BY AN ESTABLISHED 34-LOCATION FRANCHISEE
Exclusively Listed By
Broker of Record
-
Todd Lindblom
Senior Managing Director, Market Leader- Milwaukee/Minneapolis
Listing Price: $1,502,000
Cap Rate
6.25%
Tenant Name
Tropical Smoothie Cafe
Gross SF
1,878
Guarantor
Franchisee Guarantee
Rentable SF
1,878
Price/Gross SF
$799.79
Lease Type
Absolute Net
Rent Per Square Feet
$50.00
Investment Highlights
- LOW PRICE POINT NNN SALE LEASEBACK WITH 10+ YEARS REMAINING
- LOCATED ON WI-26 - JANESVILLE'S PRIMARY NORTH-SOUTH COMMERCIAL CORRIDOR WITH TWO I-90 ON-RAMPS WITHIN ONE MILE
- DIRECT ACCESS TO I-90 - A MAJOR INTERSTATE CONNECTING THE CHICAGO, MADISON, AND ROCKFORD MARKETS
- PROFITABLE LOCATION WITH STRONG STORE LEVEL FINANCIALS (2.62X EBITDAR COVERAGE)
- SALE LEASEBACK GUARANTEED BY A 21-UNIT ENTITY OPERATED BY AN ESTABLISHED 34-LOCATION FRANCHISEE
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Tropical Smoothie Cafe in Janesville, WI
Exclusively Listed By
Broker of Record
-
Todd Lindblom
Senior Managing Director, Market Leader- Milwaukee/Minneapolis
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