Grease Monkey | Triple Net (NNN) Investment
$1,056,000
2327 Milton Avenue, Janesville, WI 53545
For Sale
Retail
Free Standing
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
Documents:
Title | ||
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Offering Memorandum |
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