The Fatty Patty & Dunkin | Outparcel to Home Depot

  • $3,648,000
2865 South 108th Street, West Allis, Wisconsin
  • Fast Food/Restaurant
  • Property Type
  • Franchisee
  • Guarantee
  • Absolute Triple Net (NNN)
  • Lease Type
  • 6.25%
  • CAP Rate
For Sale Absolute Triple Net (NNN)
The Fatty Patty & Dunkin | Outparcel to Home Depot
2865 South 108th Street, West Allis, Wisconsin
  • $3,648,000

Property Summary

  • Property Size: 8,000 SF
  • Land Area: 1.73 AC
  • Year Built: 2003
  • Property Type: Fast Food/Restaurant
  • Property Status: For Sale
  • Lease Type: Absolute Triple Net (NNN)
  • Guarantee: Franchisee
  • CAP Rate: 6.25%
  • NOI: $228,000
  • Lease Term: 10 Years Left

Investment Highlights

DUNKIN & THE FATTY PATTY (WEST ALLIS, WI) LONG OPERATING HISTORY & STRONG GUARANTEE | FRANCHISEE GUARANTEE OF 40+ UNIT
  • Franchisee is exclusive operator to Kentucky, Wisconsin, and Oklahoma which secure competitive advantage in local market to maintain store sales.
  • 17+ Year Operating History | Tenant has operated as the subject property for more than 17 years (Since 2005) which demonstrates to the brands commitment to the local market.
10 YEAR ABSOLUTE TRIPLE NET (NNN) LEASE | LONG TERM LEASE | FEE SIMPLE OWNERSHIP
  • Rare Long Term Lease | Lease Features a rare within the industry a 10 year long term lease that allows landlord to hedge against inflation.
  • No Landlord Responsibilities in lease.
  • Ideal Management free income – investment for passive investor.
  • Tenant Responsibilities | Tenant Pays for Property Tax, Roof, Structure, and Parking.
  • The lease features an attractive increase rental structure of 1.5% increase every year and during the options.
SURROUNDING NATIONAL TENANTS TO SUPPORT STRONG UNIT SALES
  • Subject property is neighboring national tenants such as, Home Depot, Target, AT&T, Dollar Tree, Pick N’ Save, Marshalls, Home Goods, Sport Clips, T-Mobile, Auto Zone, Ace Hardware, Kohls, Office Max, and many more.
  • Subject Property is located on S 108th ST which has traffic of 31,000+ VPD.
STRONG LOCATION – OUTPARCEL TO HOME DEPOT AND NEIGHBORING TO TARGET
  • Subject property is outparcel to anchor tenant The Home Depot.
  • Large Lot | Subject property sits on a large lot (1.73 Acres) which allow future landlord multiple options for tenant replacement.
  • Subject Property is located less than 10 miles from Downtown Milwaukee, Wisconsin.
  • Subject Property is neighboring the most populated city in the state of Wisconsin: Milwaukee.
  • Address 2865 S 108th Street, West Allis, WI
  • State/county Wisconsin
  • Zip/Postal Code 53214

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