Ground Lease with World’s Largest Hamburger Chain
3176 South 76th Street - Milwaukee WI 53219
LTV (Loan to Value) | 65.00% | Current NOI | $0.00 |
Interest Rate | 4.250% | Capital Rate | 4.500% |
Fixed Term | 10 Years | Land Area | +/- .2983 Acres |
Amortization | 25 Years | Lease Type | NNN (Ground Lease) |
Loan Amount | $794,444.30 | Property Type | Retail |
Payment | $4,303.81 | Property Lease | Parking Lot |
Bulding Size | 0 SF | Remaining Terms | Approx. 19 Years |
Location Description
NNN Lenders is pleased to offer for sale to qualified investors a unique opportunity to purchase a brand new, 20 year parking lot ground leased to corporate McDonald's. The subject property is for the Parking Lot Only. McDonald's has a corporately operated restaurant immediately adjacent and needed additional parking for increasing store traffic and a double drive thru window. The owner of the property tore down a prior convenience store in order to accommodate McDonald's request for better visibility and additional parking stalls.
Highlights
Low Price Point – This is a chance to purchase the best credit in the business at a discount. Rent…
Property Description
Milwaukee is the county seat of Milwaukee County, Wisconsin. The city is the largest in the State of Wisconsin and the 31st most populous in the United States with a population of 594,833. The Milwaukee-Racine-Waukesha MSA consists of eight counties and boasts a population of 2,025,898 (2010 Census).