Wendy’s Drive-Through
For Sale
$1,740,000
2050 Silvernail Road, Waukesha, WI 53186
Wendy’s occupies a freestanding building with a 9.5-year NNN ground lease at Silvernail Plaza.
Property Size3,900 SF
Price / SF$446.15
Days on Market191
Property Features for 2050 Silvernail Road
General Information
Standard status
Active
Size
3,900 SF
Building Details
Building Size
3,900 SF
Buildings
1
Listing Agency:
Mid-America Real Estate
Listed By:
Nick Kohlmann
(630) 954-7329
Source:
Midamericagrp
Added: Apr 7
Changed: Sep 12
Last Checked: Aug 29 at 6:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate
Investment Insights
Based on property information with market context.
This freestanding Wendy’s restaurant contains 3,900 square feet and is subject to a 9.5-year NNN ground lease. The building is positioned on an outlot within Silvernail Plaza, providing a distinct standalone restaurant setting within the center’s tenant lineup.
The property sits at the southwest corner of Silvernail Plaza, off Silvernail Road, in Waukesha, Wisconsin. Its configuration combines an established restaurant use with a long-term NNN ground lease structure.
The property sits at the southwest corner of Silvernail Plaza, off Silvernail Road, in Waukesha, Wisconsin. Its configuration combines an established restaurant use with a long-term NNN ground lease structure.
Key Highlights
- 3,900‑square‑foot freestanding Wendy’s restaurant
- 9.5‑year NNN ground lease
- Outlot position within Silvernail Plaza
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,591
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,820
$1.7M
Cap Rate 7%
$1,208,443
$1.2M
Cap Rate 9%
$939,900
$939.9K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$117.0K $30.00/SF
− Vacancy
−$4.2K −$1.08/SF
EGI
$112.8K $28.92/SF
− OpEx
−$28.2K −$7.23/SF
NOI
$84.6K $21.69/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,820
Cap Rate 7%
$1,208,443
Cap Rate 9%
$939,900
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,591 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $139,331 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 53186, WI
32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Wendy’s occupies a freestanding building with a 9.5-year NNN ground lease at Silvernail Plaza.
Where is this drive through restaurant located?
The property is located at 2050 Silvernail Road Waukesha, WI.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: 3,900‑square‑foot freestanding Wendy’s restaurant; 9.5‑year NNN ground lease; Outlot position within Silvernail Plaza
