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Restaurant

Burger King

1617 Schofield Ave, Stevens Point, WI 54481

Listing Price: $2,210,000

Cap Rate
4.75%
Tenant Name
Cave Enterprises
Years Remaining On Lease
17.1
Guarantor
Franchisee Guarantee
Rentable SF
3,248
Lease Type
Absolute Net
Rent Per Square Feet
$32.33

Investment Overview

Marcus & Millichap is pleased to present a 3,248 square foot freestanding Burger King Restaurant located in Stevens Point, WI. The building was constructed in 2019 and opened for business in July of 2019. There are currently 17.5 years remaining on an original 20-year NNN lease which calls for landlord friendly 1% annual increases in rent and 4 5-year renewal options. The tenant, Cave Enterprises, currently operates 170+ locations with in place expansion plans that will provide an investor with continued credit enhancement.

Investment Highlights

  • Absolute NNN Lease with zero landlord responsibilities
  • Lease executed by 170+ unit entity, Cave Enterprises, Inc.
  • Pad building to Festival Foods Grocery Store

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Listing Price: $2,210,000

Cap Rate
4.75%
Tenant Name
Cave Enterprises
Years Remaining On Lease
17.1
Guarantor
Franchisee Guarantee
Rentable SF
3,248
Lease Type
Absolute Net
Rent Per Square Feet
$32.33

Investment Highlights

  • Absolute NNN Lease with zero landlord responsibilities
  • Lease executed by 170+ unit entity, Cave Enterprises, Inc.
  • Pad building to Festival Foods Grocery Store

Investment Overview

Marcus & Millichap is pleased to present a 3,248 square foot freestanding Burger King Restaurant located in Stevens Point, WI. The building was constructed in 2019 and opened for business in July of 2019. There are currently 17.5 years remaining on an original 20-year NNN lease which calls for landlord friendly 1% annual increases in rent and 4 5-year renewal options. The tenant, Cave Enterprises, currently operates 170+ locations with in place expansion plans that will provide an investor with continued credit enhancement.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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