3111 Wellington Pl
Janesville, WI 53546
Quaker Steak & Lube | Strong Sales · Retail Property For Sale
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
About 3111 WELLINGTON PL , JANESVILLE, WI 53546
Lee & Associates is pleased to exclusively offer a Quaker Steak & Lube for sale-leaseback in Janesville, WI (Madison CSA). The subject property is located at the intersection of Interstates 90/39 and Wisconsin Highway 14, seeing a combined 71,000+ cars per day. The property is leased to Quaker Steak & Lube, which was named the #4 Best Franchise in America by Forbes in 2014. The offering is a sale-leaseback, and will feature a new 15-year Absolute NNN lease that will commence on close of escrow. The lease features excellent rent growth of 1% annual increases through the term and into the option periods. The 2015 Rent to Sales Ratio was a healthy 7.8%, and 2016 sales continue to trend upward. Janesville is located just 38 miles from Madison and is part of the Madison-Janesville-Beloit Combined Statistical Area (CSA). Janesville is home to headquarters for Blain's Farm and Fleet, Woodman's Food Market, Hufcor, and Swing 'n Slide, drawing a wide labor pool from larger metropolitan areas including Madison, Milwaukee, and Chicago.
Property Taxes
| Parcel Number | 021-7300016 | Improvements Assessment | $945,300 |
| Land Assessment | $572,000 | Total Assessment | $1,517,300 |
Property Taxes
