2525 Menasha Ave Manitowoc, WI 54220

This exceptional investment opportunity presents a fully operational restaurant located at 2525 Menasha Ave, Manitowoc, WI 54220. The 3,360 square foot building sits on a 0.081-acre lot and boasts a 100% occupancy rate with a lease extending to 2025, generating a strong monthly rental income of $1,600. Completely renovated in 2022, the property features a mix of tile, vinyl, and wood flooring, and a durable composition roof. The building includes 10 parking spaces for patrons and staff. The property's financial performance is impressive, with a Net Operating Income (NOI) of $16,300 and an attractive 7.41% cap rate. Monthly expenses include property taxes of $1,700 and insurance of $1,200. Built in 1965, this single-story Class D retail property is offered at an asking price of $220,000, representing a price per square foot of $65.48. This is a single-tenant, gross lease property with 100% ownership available. The property offers a compelling combination of immediate income and significant long-term growth potential in a thriving market. This turnkey operation is ideal for owner-users seeking a profitable venture with minimal upfront effort. Don't miss this chance to acquire a well-established and financially sound restaurant property.