Starbucks - College Campus - Whitewater

$2,380,000

1280 West Main Street, Whitewater, WI 53190

For Sale

Retail Restaurant

Active

Last Updated: 03/10/2025

Details:

Cap Rate: 5.8%

NOI: $138,000

Building Size: 2,333 sqft

Lot Area: 0.72 sqft

Occupancy: 100%

Class: A

Lease Type: Triple Net

Year Built: 2023

Tenancy: Single

Parking Spots: 28

Gross Leaseable Area: 2,333

Investment Strategy: Core

Lease Expire Year: 3/31/2024

Offered by

Dan Rosenfeld

Principal/Investment Sales

Mid-America Real Estate

#WI – 55452

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Highlights:

New 10-Year NNN Lease: Lease commenced April 1, 2024, with structured rent increases of $5,000 every five years.
Strategic Location: Situated less than a mile from the University of Wisconsin-Whitewater, home to over 11,000 students, ensuring a steady flow of traffic from students and faculty.
Prime Walmart Outlot: Adjacent to Walmart and benefiting from shared access, maximizing visibility and customer visits.
Ample Parking & Accessibility: Features 28 dedicated parking spaces and convenient drive-thru access, appealing to both shoppers and university students.
Growth-Oriented Market: Within a 10-mile radius, the area boasts 43,905 residents with an average household income of $86,076, making it a favorable demographic for retailers.

Description:

Brand-new construction, 2,333 SF Starbucks for sale in Whitewater, located as an outlot to a high-traffic Walmart Supercenter. This Starbucks will serve as the primary coffeehouse for the University of Wisconsin-Whitewater. The property benefits from exceptional visibility and consistent customer traffic, with Walmart drawing over 1.1 million visits annually.