1897 Velp Ave Green Bay, WI 54303-6447
- Commercial real estate
- 0.85 lot acres
Aug 05, 2022
Current Use by Public Records
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 1897 Velp Ave
- Lot size
- 0.85 lot acres
- Property type
- Commercial real estate
- APN
- VH 542-3-1-A
- APU
- VH54231A
Description
This exceptional investment opportunity presents a 2,452 square foot, single-tenant Taco Bell located at 1897 Velp Ave, Green Bay, WI 54303. The property sits on a 0.85-acre lot and boasts a 20-year absolute NNN sale-leaseback agreement with a highly successful franchisee, Albor Restaurant Group, a 30+ unit operator with over $59 million in annual revenue. The lease includes four, five-year options to extend, ensuring long-term stability. Built in 2006 and renovated in 2016, this property features a 5.46% cap rate and a strong NOI of $222,522. The lease provides for 2% annual rent increases, offering inflation protection. The property benefits from a prime location near I-41, with exceptional visibility and high traffic counts exceeding 90,000 vehicles per day. The average household income within a 5-mile radius exceeds $77,500, indicating a robust local economy. This is a passive investment with zero landlord responsibilities, making it an ideal opportunity for investors seeking strong returns and long-term growth. The property's APN is VH 542-3-1-A. This top-performing Taco Bell location offers a compelling combination of brand strength, long-term lease security, and significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,435,000
- ML approach
- $2,230,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Green Bay
- County
- Brown
- State
- Wisconsin
- Longitude
- -88.0588
- Latitude
- 44.5559
- CBSA code
- 24580
- CBSA name
- GREEN BAY, WI METROPOLITAN STATISTICAL AREA
