2330 Sun valley Drive
Delafield, WI 53018 ·
8,194 SF · Retail For Sale
|Building Size||8,194 SF||Cap Rate||6.40%|
|Property Sub-type||Vehicle Related||Lot Size||1.47 SF|
|Property Use Type||Net Lease Investment with 10+ years left on lease|
|Listing ID: 15712060||Date Created: 05/14/2008||Last Updated: 04/07/2016|
The IRS allows oil and gas business to be depreciated over 15 years. This alone is a major difference versus other NNN.
The property has over 17 years left on the first term (expires on 04/30/2034). The lease has 4 five year renewall options. The tenant has 36 stores as of this date and they are adding more. The company is run by experienced management from this industry. The property has 1.5% annual rental increases.
This is a true triple net (tenant pays for everything except for the mortgage you may, or may not, put on the property). Tenant has insurance for environmental spills.
The property has a lube facility, car wash and tetailing facility (all run by the same franchisee)
This is a very high growth area in Wisconsin with many large franchisee's near this location. It is currently the largest performing store for the franchisee. Franchisee was recently aquired by another franshisee.
The 3% commission is not being shared with me, it is exclusively for the broker who brings in the buyer.
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