2605 Research Park Dr Fitchburg, WI 53711

Property Details for 2605 Research Park Dr

Lot size

1.75 lot acres

Property size

10,000 SF

Property type

Day care centers

Description

This exceptional investment opportunity presents a 10,000-square-foot, single-tenant retail property in Fitchburg, Wisconsin, fully occupied by The Learning Experience, a leading childcare provider. The property boasts a brand-new, 20-year net lease commencing September 1, 2024, and expiring August 31, 2044, with two 5-year option periods. Rent increases of 11% every five years provide inflation-resistant cash flow. The property features a substantial 1.75-acre lot, ample parking (40 spaces), and multiple points of ingress/egress. Located in a prime location within the Madison MSA, this new construction building includes a 5,000-square-foot play area, ensuring a strong tenant occupancy and high demand. The property generates a Net Operating Income (NOI) of $435,000, resulting in an attractive 7.30% cap rate. The asking price is $5,960,000. This investment offers a secure, long-term opportunity in a thriving market with a nationally recognized tenant. The property's strategic location within a dense residential area, near schools and commercial office buildings, further enhances its appeal. The building is a 2024 prototype with a 20-year roof warranty. The tenant's strong enrollment and the property's features contribute to a compelling investment proposition.