For Sale
$1,500,000

2128 University Ave Green Bay, WI 54302

Absolute NNN Lease, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 1,365-square-foot Pizza Hut restaurant in Green Bay, Wisconsin. Built in 2024, this single-tenant property boasts a 15-year absolute NNN lease, ensuring minimal landlord responsibilities. The property enjoys a 100% occupancy rate and generates a strong net operating income (NOI) of $90,000, translating to a 6.00% cap rate. Located at 2128 University Ave, Green Bay, WI 54302, on a 0.53-acre lot, this QSR benefits from a highly visible location with excellent curb appeal and convenient drive-thru access. The property's strategic placement near the intersection of University Avenue and N Danz Avenue, an area with approximately 21,300 vehicles per day, ensures consistent customer traffic. The asking price is $1,500,000, representing a price per square foot of $1,098.90. This is a rare chance to acquire a low-maintenance, high-return investment in a necessity-based business with a long-term lease, offering significant potential for passive income and appreciation. The property is situated in Brown County, Wisconsin, and its prime location within a high-traffic retail corridor guarantees strong performance for years to come. This is a turnkey investment ideal for those seeking a stable and profitable addition to their portfolio.

Highlights

  • $1,500,000 asking price for this retail property.
  • Brand new, 1,365 SF Pizza Hut with a 15-year absolute NNN lease.
  • Located in a high-traffic area of Green Bay, WI, near the intersection of University Ave and N Danz Ave (approx. 21,300 VPD).
  • Features a drive-thru and excellent curb appeal.
  • 6.00% cap rate with a $90,000 NOI.

Property Details for 2128 University Ave

Property type
Retail properties
Square Feet
1,365 SF
Year Built
2024
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Green Bay
County
Brown
State
Wisconsin
Latitude
44.512562
Longitude
-87.969008

FAQs

What type of property is this?
Retail property - Absolute NNN Lease, High-Traffic Location
Where is the retail property located?
The property is located at 2128 University Ave Green Bay, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for this retail property.; Brand new, 1,365 SF Pizza Hut with a 15-year absolute NNN lease.; Located in a high-traffic area of Green Bay, WI, near the intersection of University Ave and N Danz Ave (approx. 21,300 VPD).
How can I contact the broker?
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2128 University Ave
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