Current Use by Public Records
- Retail properties & Spaces
Property Details for 795 Wi-136
- Year built
- 2023
- Lot size
- 0.75 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,460-square-foot Starbucks located in Baraboo, Wisconsin, at 795 WI-136. The property boasts a 15-year net lease with four 5-year renewal options, providing long-term stability and predictable income. The building, constructed in 2023, features a convenient drive-thru, minimizing future capital expenditures. With a 6.25% cap rate and a strong NOI of $130,000, this single-tenant property offers a compelling return on investment. The location benefits from its proximity to Wisconsin Dells, a major tourist destination attracting millions of visitors annually. Starbucks, an investment-grade tenant (S&P: BBB+), operates this location as its only store within a 10-mile radius, ensuring limited competition. The 0.75-acre lot provides ample space, and the property is classified as Class A. The tenant's commitment is further solidified by their recent announcement of a $450 million investment in North American store improvements and expansion, demonstrating a growth-oriented strategy. This is a rare opportunity to acquire a high-performing, low-risk investment in a prime location with a financially sound, nationally recognized tenant. The asking price is $2,080,000, representing a price per square foot of $845.53. This property is a strong addition to any diversified portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baraboo
- County
- Sauk
- State
- Wisconsin
- Longitude
- -89.7683
- Latitude
- 43.4619
