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Plover, WI - Taco Bell

$1,748,000

1550 Plover Road, Plover, WI 54467

Active
Last Updated: 06/28/2021

5

Cap Rate

87,412

NOI

Details:
Cap Rate:    5%
NOI:    $87,412
Building Size:    2,276 sqft
Occupancy:    100%
Year Built:    2003
Description:

• Tenant has over 7 years remaining in their initial term with 5 (5-year) options to extend, demonstrating their commitment to the site
• Lease features rare 1.75% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation
• Formed in 1986, Pacific Bells is the nation’s 4th largest Taco Bell operator (220+ units) and the largest operator of Buffalo Wild Wings (65+ units)

• Strategically located along W. Fulton Street, a major retail and commuter thoroughfare for the trade area averaging 13,100 vehicles passing by daily
• The building is complete with a drive-thru, providing ease and convenience for customers
• On average, stores with drive-thrus average higher sales than those without
• Nearby national/credit tenants include Menard’s, Metro Market, Anytime Fitness, IHOP, Del Monte (Distribution Facility), and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover retail for Taco Bell

Map:
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