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Taco John's 1626 S Main St

2,439 SF Retail Building West Bend, WI 53095 £1,130,836 (£464/SF) 5.50% Net Initial Yield

Investment Highlights

  • New 20-year absolute NNN ground lease with 10% increases every five years
  • Tenant is responsible for all taxes, insurance, and maintenance on the premises
  • New 2024 construction featuring ample on-site parking, multiple access points, and a dedicated drive-thru for added customer convenience
  • Four (4) option periods of five (5) years each, providing a passive long-term income generator
  • No landlord management, making this asset an ideal investment opportunity for a local or out-of-area investor

Executive Summary

This Taco John’s boasts excellent visibility near the signalized intersection of South Main Street and West Paradise Drive, a primary intersection in West Bend with access to 42,400 AADT. The property is located at a primary entrance to Paradise Pavilion, a Kohl’s-anchored power center featuring 300,000+ square feet of retail space, 1,600+ parking spaces, and numerous national retailers.
The site is positioned in an affluent location with an average annual household income of $94,036 within five miles of the site (projected 13% increase by 2028).
This Taco John’s is surrounded by several major national brand tenants including Walmart Supercenter, The Home Depot, Menards, ALDI, McDonald’s, Hobby Lobby, Five Below, HomeGoods, Big Lots, Panera Bread, Bath & Body Works, and many more.
45,163 residents live within five miles of the site, providing a stable customer base. The location serves as a common gateway to Downtown Milwaukee, the urban core of Greater Wisconsin serving 563,000+ people.

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,439 SF
Building Class
B
Year Built
2024
Price
£1,130,836
Price Per SF
£464
Net Initial Yield
5.50%
NOI
£62,196
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.13 AC
Parking
48 Spaces (19.68 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

Nearby Major Retailers

Anytime Fitness
WW
The Chocolate Factory
Pick 'N Save
Texas Roadhouse
Meijer
Starbucks
Noodles & Company
Buffalo Wild Wings
Chase Bank
  • Listing ID: 32835861

  • Date on Market: 16/08/2024

  • Last Updated:

  • Address: 1626 S Main St, West Bend, WI 53095

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