Eau Claire WI Prill Rd & Gtwy Dr Eau Claire, WI 54701
- Retail properties
- 2,809 SF
- 1.09 lot acres
Current Use by Public Records
- Retail properties
Property Details for Eau Claire WI Prill Rd & Gtwy Dr
- Year built
- 2024
- Lot size
- 1.09 lot acres
- Property size
- 2,809 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,809 square foot Raising Cane's restaurant in Eau Claire, Wisconsin. Located on a 1.09-acre lot at the highly visible intersection of Prill Road and Gateway Drive, this property boasts a 14.9-year remaining lease term (commencing September 30, 2024 and expiring September 29, 2039) with a prominent fast-food tenant. The absolute NNN ground lease provides a passive investment with zero landlord responsibilities. The lease includes built-in rent escalations of 10% every five years, ensuring consistent income growth throughout the primary term and five, five-year renewal options. The property benefits from a strong location near I-94, multiple access points, and a double drive-thru, maximizing convenience and customer flow. With a current NOI of $135,000 and a 4.65% cap rate, this $2,903,225 offering presents a compelling return on investment in a thriving retail area. The building was constructed in 2024, and the property's strategic location and strong tenant covenant make it an attractive asset for discerning investors. The price per square foot is $1,033.54. This is a fee-simple ownership of the land, with the ground lease in place.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eau Claire
- County
- Eau Claire
- State
- Wisconsin
- Longitude
- -91.4316
- Latitude
- 44.7784
