Absolute Net Lease Popeyes | Janesville, WI
For Sale
Absolute Net Lease Popeyes | Janesville, WI
Asking Price: $3,060,000
| Cap Rate: 6%
- Net Operating Income: $183,792
- Weighted Avg. Lease Term (WALT): 20 Years
- Lease Type: Absolute Net
Property Highlights
- Newer construction with a new 20-year absolute net lease with zero landlord responsibilities
- Very attractive rent escalations; 1.5% annually starting year 3
- High growth area with several new developments surrounding the property
- Shadow-anchored by Menards; Situated off Milton Avenue (36,500 VPD)