1280 Main St, Whitewater, WI 53190-1661
- Commercial real estate
- 0.72 lot acres
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 1280 Main St
- Lot size
- 0.72 lot acres
- Property type
- Commercial real estate
- APN
- /A170900002
- APU
- A170900002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 12, 2025 | — | Starbucks Corporation | Dsdh Whitewater LLC | Deed | — |
| May 13, 2024 | — | Starbucks Corporation | Dsdh Whitewater LLC | Lease | — |
| Mar 7, 2024 | — | Dsdh Whitewater LLC | — | Deed · related | $1.4M · Community First Cu |
| Oct 17, 2023 | — | Dsdh Whitewater LLC | — | Deed · related | $1.2M · Bank First NA |
| Nov 3, 2014 | $490,000 | Dsdh Whitewater LLC | Anchorbank Fsb | Special Warranty Deed | $2.6M · Bank First National |
| Mar 17, 2014 | — | Anchor Bank Fsb | Ruiz Holdings LLC | Sheriffs Deed · related | — |
| Aug 17, 2007 | $850,000 | Ruiz Holdings LLC | Whitewater Wash Holdings LLC | Warranty Deed | $765k · Anchorbank Fsb |
| Jul 12, 2007 | $490,000 | Whitewater Wash Holdings LLC | Coulee Bank | Warranty Deed | $650k · Anchorbank Fsb |
Description
This exceptional investment opportunity presents a brand-new, 2,333 square foot Starbucks located in Whitewater, Wisconsin. Built in 2023, this Class A, single-tenant property boasts a 10-year NNN lease with Starbucks, a credit-rated tenant, commencing April 1, 2024, and expiring March 31, 2034. The lease includes rent bumps of $5,000 every five years, ensuring consistent income growth. Strategically positioned as an outlot to a high-traffic Walmart Supercenter, this Starbucks enjoys exceptional visibility and benefits from the over 1.1 million annual Walmart customer visits. Its proximity to the University of Wisconsin-Whitewater (less than a mile away, with over 11,000 students) guarantees a steady stream of customers from students and faculty. The property features 28 dedicated parking spaces and convenient drive-thru access. With a 5.80% cap rate, $138,000 NOI, and a 0.72-acre lot, this investment offers strong returns in a thriving market. The surrounding area, within a 10-mile radius, has a population of 43,905 residents with an average household income of $86,076. The property's address is 1280 W Main St, Whitewater, WI 53190, and its APN is /A170900002. The asking price is $2,380,000, translating to $1,020.15 per square foot.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Whitewater
- County
- Walworth
- State
- Wisconsin
- Longitude
- -88.756
- Latitude
- 42.8351
- CBSA code
- 48580
- CBSA name
- WHITEWATER, WI MICROPOLITAN STATISTICAL AREA
