Restaurant
Perkins Restaurant and Bakery
100 N Military Ave, Green Bay, WI 54303
Listing Price: $2,693,424
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 100 North Military Avenue in Green Bay, Wisconsin. The site consists of roughly 5,934 rentable square feet of building space on estimated 1.29-acre parcel of land. This Perkins Restaurant and Bakery is subject to a brand new, long term, 20-year absolute triple-net (NNN) lease, which commenced on November 1st, 2019. The current annual rent is $165,851 and is scheduled to increase by 1.50%annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
Vice President/Regional ManagerLicense(s): WI: 56163-90
Wisconsin
Restaurant
Perkins Restaurant and Bakery
Listing Price: $2,693,424
Investment Highlights
- Brand New, 20-Year Absolute Triple Net (NNN) Lease
- Passive Investment Offering a Long-Term Security of Cash Flow
- Attractive Rental Increases of 1.50% Annually
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 100 North Military Avenue in Green Bay, Wisconsin. The site consists of roughly 5,934 rentable square feet of building space on estimated 1.29-acre parcel of land. This Perkins Restaurant and Bakery is subject to a brand new, long term, 20-year absolute triple-net (NNN) lease, which commenced on November 1st, 2019. The current annual rent is $165,851 and is scheduled to increase by 1.50%annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
Vice President/Regional ManagerLicense(s): WI: 56163-90
Wisconsin
