AJ O'Brady's Irish Pub & Grill Absolute NNN/2.5% Rent Bumps
- N88W16495 Main St., Menomonee Falls, WI
Price
$1,222,600
Cap Rate
7.0%
GLA
4,764 SF
Lot Size
0.25 AC
Year Built
1910/2017
Tenant
A.J. O'Brady’s
Lease Type
Absolute NNN
Lease Term Remaining
7
LISTING BROKER
Brandon Hakimi
Director of Investment Sales
Investment Highlights
- Zero Landlord Responsibilities – Single Tenant Absolute NNN Lease
- Attractive Rent Increases – 2.5% annual rent increases throughout lease term providing a hedge against inflation
- Large Parking Lot – 18-20 parking spaces in the rear of the building with an adjacent municipal parking lot
- Capital Improvements – New Façade Summer 2017, New Roof Fall 2017, New Kitchen Flooring Summer 2018, New HVAC Summer 2018
- Established Operator – The operator opened AJ O’Brady’s in 2011. The operator also owns and operates 3 other pubs/restaurant in Wisconsin
- Strategic Location – Corner parcel providing great visibility and situated across the street from a newly built luxury apartment building.
- High Growth Market – the Menomonee Falls market has tremendous residential construction ongoing