6915 Washington Ave, Racine, WI 53406
2,439 SF | Retail Building | Racine, WI 53406 | $1,043,478 ($428/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,043,478
- Property Type
-
Retail
- Square Feet
- 2,439 SF
- Price / Square Foot
- $428
Listing Contacts
Isaac Berg
Verified Profile
Peter Block
Verified Profile
Russell Sagmoen
Verified Profile
Angela Schurr
Verified Profile
- Property Info
Property Overview
Colliers is pleased to offer the opportunity to purchase a brand-new construction Taco John sale-leaseback located at 6915 Washington Ave. Mt. Pleasant, WI 53406. This brand-new construction 20-year lease commenced on September 1, 2024, with one of the most successful Taco John franchisees in the Country. This is a true passive investment, an absolute NNN lease offering, with zero landlord responsibilities operated by a 45-unit franchisee and growing.
The new store sits on a hard corner of a major 4 way intersection at Route 20 (Washington Ave) and Prairie Drive. The parcel is about an acre and the immediate neighbors include McDonald’s, Dairy Queen, and numerous hotels. Kenosha is part of the Chicago MSA approximately 1 hour north of the City. The property is offered at $1,043,478 which translates to a 5.75% cap rate.
The new store sits on a hard corner of a major 4 way intersection at Route 20 (Washington Ave) and Prairie Drive. The parcel is about an acre and the immediate neighbors include McDonald’s, Dairy Queen, and numerous hotels. Kenosha is part of the Chicago MSA approximately 1 hour north of the City. The property is offered at $1,043,478 which translates to a 5.75% cap rate.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,124 SF
Highlights
- Located on the main retail corridor
- Strategically located off of I-23
- Across the street from the Diley Ridge Medical Center
- Immediately adjacent retailers include Meijer grocery store, Chipotle, and McDonald’s.
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