For Sale
$5,960,000

2605 Research Park DrFitchburg, WI 53711

10,000 SF, 20-year lease, 7.3% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 10,000-square-foot, single-tenant retail property in Fitchburg, Wisconsin, fully occupied by The Learning Experience, a leading childcare provider. The property boasts a brand-new, 20-year net lease commencing September 1, 2024, and expiring August 31, 2044, with two 5-year option periods. Rent increases of 11% every five years provide inflation-resistant cash flow. The property features a substantial 1.75-acre lot, ample parking (40 spaces), and multiple points of ingress/egress. Located in a prime location within the Madison MSA, this new construction building includes a 5,000-square-foot play area, ensuring a strong tenant occupancy and high demand. The property generates a Net Operating Income (NOI) of $435,000, resulting in an attractive 7.30% cap rate. The asking price is $5,960,000. This investment offers a secure, long-term opportunity in a thriving market with a nationally recognized tenant. The property's strategic location within a dense residential area, near schools and commercial office buildings, further enhances its appeal. The building is a 2024 prototype with a 20-year roof warranty. The tenant's strong enrollment and the property's features contribute to a compelling investment proposition.

Highlights

  • Brand new, 10,000 SF single-tenant retail building in Fitchburg, WI, opened April 2024.
  • Excellent location in a dense residential area near schools and commercial office buildings within the Madison MSA.
  • $1M corporate guarantee from The Learning Experience, a subsidiary of Golden Gate Capital.
  • High-income area with a $165,024 average household income.
  • 20-year net lease with 11% rent increases every five years and two 5-year options; includes a 20-year roof warranty and a 5,000 SF play area.

Property Details for 2605 Research Park Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,000 SF
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Fitchburg
County
Dane
State
Wisconsin
Latitude
42.995692
Longitude
-89.426181
2605 Research Park Dr, Fitchburg, Wisconsin

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2605 Research Park Dr
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