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- LoopNet Team
4502 E Towne Blvd
Madison, WI 53704
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT 4502 E TOWNE BLVD , MADISON, WI 53704
Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 4502 East Towne Boulevard in Madison, Wisconsin. The property is roughly 7,500 square feet and is situated on approximately 1.80 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 23.5 years remaining on the lease. Current annual rent is $433,435. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. This Red Lobster is located on 4502 East Towne Boulevard in Madison, Wisconsin. Madison is the capital of Wisconsin and is located in Dane County. With a population of over 240,000, Madison is the second largest city in Wisconsin after Milwaukee. There are approximately 44,000 people within a three-mile radius of this property and more than 111,000 within a five-mile radius. The property is situated off of East Towne Boulevard, benefitting from an average daily traffic count of over 43,000 vehicles.
PROPERTY TAXES
| Parcel Number | 0810-273-0086-3 | Improvements Assessment | $2,385,000 |
| Land Assessment | $495,000 | Total Assessment | $2,880,000 |
PROPERTY TAXES
