request_info_guest true

Grease Monkey | Triple Net (NNN) Investment

$1,056,000

2327 Milton Avenue, Janesville, WI 53545

Active
Last Updated: 03/30/2021

6.25

Cap Rate

66,000

NOI

Details:
Cap Rate:    6.25%
NOI:    $66,000
Building Size:    1,830 sqft
Lot Area:    0.61 acres
Lease Type:    Triple Net
Year Built:    1986
Price Per Sqft:    $577.05
Roof & Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • Long-Term, Passive, Triple Net (NNN) Investment With Zero Landlord Responsibilities
  • Strong Corporate Guarantee From Grease Monkey International Backed By Over 300 Units
  • Grease Monkey is Considered an Essential Business; Has Remained Open and Maintained a Steady Business Throughout the COVID-19 Pandemic
  • Strategically Positioned on Milton Avenue (a Heavy Retail Corridor in Janesville), Which Sees Traffic Counts of Over 29,200 Vehicles Per Day
  • Adjacent to the Janesville Plaza Shopping Mall, Which Includes National Tenants Like: Kohl’s, Finish Line, GameStop, Victoria’s Secret and Sears
  • Strong Demographics With a Population of 70,088 Residents Making an Average Household Income of $72,560 Within a 5-Mile Radius
  • Minutes From Several Manufacturing Companies Including: Hufcor, Inc., Prent Corporation, Rath Gibson, CannonBall HNP, KANDU Industries and SSI Technologies
  • With Nearly 2,000 Acres of Parks, Janesville is Known as “Wisconsin’s Park Place”; The Rock River, Many Nearby Lakes, Parks and Recreational Facilities Offer a Myriad of Recreational Opportunities Throughout the Year to Residents and Visitors
  • Janesville is 1 Hour East of Milwaukee and 45 Minutes South of Madison
  • Nearby Tenants Include: Dunkin’, Denny’s, OfficeMax, Walgreens, Firestone, Goodwill, Buffalo Wild Wings, Hobby Lobby, Discount Tire, Jiffy Lube, Walmart, Sam’s Club, Best Buy, Target and Many More
Description:

We Are Pleased to Offer For Sale the Grease Monkey Located at 2327 Milton Avenue in Janesville, Wisconsin. This Opportunity Includes a Long-Term, Passive, Triple Net (NNN) Investment With Zero Landlord Responsibilities, Providing For a Secure Investment.





IN COOPERATION WITH: DAVID LANGE Commercial Investment Partners, LLC WI Lic. # 52435-90
262.367.6830 | DIRECT dlange@commercialinv.com

Map:
Documents:
Title
Offering Memorandum
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery