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Shopping Strip

Caribou & Einstein Bagels Anchor w/ Drive Thru

2839 Fish Hatchery Rd, Fitchburg, WI 53713

Listing Price: $3,475,000

Cap Rate
6.06%
Gross SF
8,117
Rentable SF
8,117
Price/Gross SF
$428.11
Lot Size
0.76 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present this property located at 2839 Fish Hatchery Road. Built in 2017, the building's total square footage is 8,117 square feet with ample parking and a drive-thru for its anchor tenant. The property is 100 percent occupied with Caribou Coffee and Einstein Bagels, Jimmy Johns, AT&T, and Madison Area Drone Service. Each tenant is on a NNN lease with most having multiple options and increases at each option period. Forty-nine percent of the center has leases that are expiring in March of 2028. The property is located in the City of Fitchburg, Wisconsin. Fitchburg is considered to be one of the faster growing suburbs of Madison MSA with a population growth over 23 percent within the last 10 years. The property is located just over three miles away from the Madison Capital building and Madison MSA. The population of the area is over 660,000. The property is located along Fish Hatchery Road off Highway 151, which is also referred to as West Beltline Highway. Fish Hatchery Road is considered the main retail corridor for the city and sees over 46,000 cars per day. Other major retailers in close proximity are McDonald’s, Wendy’s, KFC, UW Credit Union, Pick ‘n Save, and Wyndham Garden Hotel.

Investment Highlights

  • National Tenants included Caribou & Einstein Bagels, Jimmy John's, and AT&T
  • 49% of Center's Leases End in March of 2028
  • High Traffic Counts with Over 46,000 Cars Daily
  • 23% Population Growth in Fitchburg Over Last 10 Years

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Strip

Caribou & Einstein Bagels Anchor w/ Drive Thru

Listing Price: $3,475,000

Cap Rate
6.06%
Gross SF
8,117
Rentable SF
8,117
Price/Gross SF
$428.11
Lot Size
0.76 acres
Year Built
2017

Investment Highlights

  • National Tenants included Caribou & Einstein Bagels, Jimmy John's, and AT&T
  • 49% of Center's Leases End in March of 2028
  • High Traffic Counts with Over 46,000 Cars Daily
  • 23% Population Growth in Fitchburg Over Last 10 Years

Investment Overview

Marcus & Millichap is pleased to present this property located at 2839 Fish Hatchery Road. Built in 2017, the building's total square footage is 8,117 square feet with ample parking and a drive-thru for its anchor tenant. The property is 100 percent occupied with Caribou Coffee and Einstein Bagels, Jimmy Johns, AT&T, and Madison Area Drone Service. Each tenant is on a NNN lease with most having multiple options and increases at each option period. Forty-nine percent of the center has leases that are expiring in March of 2028. The property is located in the City of Fitchburg, Wisconsin. Fitchburg is considered to be one of the faster growing suburbs of Madison MSA with a population growth over 23 percent within the last 10 years. The property is located just over three miles away from the Madison Capital building and Madison MSA. The population of the area is over 660,000. The property is located along Fish Hatchery Road off Highway 151, which is also referred to as West Beltline Highway. Fish Hatchery Road is considered the main retail corridor for the city and sees over 46,000 cars per day. Other major retailers in close proximity are McDonald’s, Wendy’s, KFC, UW Credit Union, Pick ‘n Save, and Wyndham Garden Hotel.

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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