1120 Koeller St Oshkosh, WI 54902-6171

Property Details for 1120 Koeller St

Year built

1976

Lot size

0.25 lot acres

Property size

2,734 SF

Zone code

C2

Property type

Commercial real estate

APN

13-08480300

APU

1308480300

Description

This exceptional investment opportunity presents a fee-simple ownership of a Pizza Hut restaurant located at 1120 S Koeller St, Oshkosh, WI 54902. The property boasts a 2,734 square foot building situated on a 0.25-acre lot, built in 1976. Currently operating under a 15.2-year absolute NNN lease with 3.1 years remaining, the lease features rent bumps and 4 or 5-year renewal options. The property enjoys 100% occupancy since its commencement date of October 11, 2012, and the lease expires December 31, 2027. The current Net Operating Income (NOI) stands at $71,148, yielding a 6.62% cap rate and a price per square foot of $393.20. The asking price for this single-tenant, freestanding building is $1,075,000. The tenant, a 29-unit Pizza Hut franchisee, is responsible for all expenses, including roof, structure, taxes, insurance, and common area maintenance. This property benefits from its location in Oshkosh, Wisconsin's ninth-most populous city, and proximity to the University of Wisconsin-Oshkosh, a significant population center. This is a rare opportunity to acquire a well-established, passively managed income-producing asset with a strong tenant and favorable lease terms.