1280 Main St Whitewater, WI 53190-1661

Property Details for 1280 Main St

Lot size

0.72 lot acres

Property type

Commercial real estate

APN

/A170900002

APU

A170900002

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.