2525 Menasha Ave Manitowoc, WI 54220
Turnkey Restaurant, High NOI, 7.41% Cap Rate
Property size:
3,360 SFProperty Features for 2525 Menasha Ave
General Information
- Property type
- Restaurants
- Square Feet
- 3,360 SF
- Class
- D
- Lot Size
- 3,528 SF
Building Details
- Year Built/Renovated
- 1965/2022
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Coldwell Banker Commercial AMH Listing Agent: Anthony Briguglio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully operational restaurant located at 2525 Menasha Ave, Manitowoc, WI 54220. The 3,360 square foot building sits on a 0.081-acre lot and boasts a 100% occupancy rate with a lease extending to 2025, generating a strong monthly rental income of $1,600. Completely renovated in 2022, the property features a mix of tile, vinyl, and wood flooring, and a durable composition roof. The building includes 10 parking spaces for patrons and staff. The property's financial performance is impressive, with a Net Operating Income (NOI) of $16,300 and an attractive 7.41% cap rate. Monthly expenses include property taxes of $1,700 and insurance of $1,200. Built in 1965, this single-story Class D retail property is offered at an asking price of $220,000, representing a price per square foot of $65.48. This is a single-tenant, gross lease property with 100% ownership available. The property offers a compelling combination of immediate income and significant long-term growth potential in a thriving market. This turnkey operation is ideal for owner-users seeking a profitable venture with minimal upfront effort. Don't miss this chance to acquire a well-established and financially sound restaurant property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Deklan's
Catering Service
Ria Money Transfer ...
Bank
Dos Caminos
Restaurant
Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.682919747647
- Latitude
- 44.116760575994
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FAQs
What type of property is this?
Restaurant - Turnkey Restaurant, High NOI, 7.41% Cap Rate
Where is this restaurant located?
The property is located at 2525 Menasha Ave Manitowoc, WI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Fully operational restaurant in Manitowoc, WI.; 3,360 SF building on a 0.081-acre lot with 10 parking spaces.; 100% occupancy with lease extending to 2025, generating $1,600 monthly rent.