Current Use by Public Records
- The Learning Experience - Pewaukee / Daycare Center
Property Details for 2031 Meadow Ln
- Year built
- 2024
- Lot size
- 0.99 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 10,087-square-foot daycare center in Pewaukee, Wisconsin. The property boasts a 20-year net lease with a prominent national franchisee backed by a corporate guarantee, ensuring consistent cash flow. Built in 2024, the facility enjoys 100% occupancy and benefits from a strategic location near I-94, providing convenient access for families. Situated on a 0.99-acre lot in a high-traffic area, the center is ideally positioned across from a major grocery-anchored shopping center, further enhancing its visibility and accessibility. The lease includes 11% rent bumps every five years, offering significant long-term growth potential. The property is zoned B-5 and features a single building. With a 7.25% cap rate and an asking price of $6,052,000 ($599.98/sq ft), this investment offers a compelling return on investment. The lease has two to five-year renewal options, extending the investment's longevity. This is a rare opportunity to acquire a high-performing, passively managed asset with a strong tenant and significant upside potential. The property's prime location, coupled with the strength of the tenant and the favorable lease terms, makes this an attractive investment for discerning buyers. The address is 2031 Meadow Ln, Pewaukee, WI 53072, APN WAKC0974099002. The lease expires on March 31, 2044.
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
- Pewaukee
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.2602
- Latitude
- 43.0421
