For Sale
$6,052,000

2031 Meadow Ln Pewaukee, WI 53072

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 10,087-square-foot daycare center in Pewaukee, Wisconsin. The property boasts a 20-year net lease with a prominent national franchisee backed by a corporate guarantee, ensuring consistent cash flow. Built in 2024, the facility enjoys 100% occupancy and benefits from a strategic location near I-94, providing convenient access for families. Situated on a 0.99-acre lot in a high-traffic area, the center is ideally positioned across from a major grocery-anchored shopping center, further enhancing its visibility and accessibility. The lease includes 11% rent bumps every five years, offering significant long-term growth potential. The property is zoned B-5 and features a single building. With a 7.25% cap rate and an asking price of $6,052,000 ($599.98/sq ft), this investment offers a compelling return on investment. The lease has two to five-year renewal options, extending the investment's longevity. This is a rare opportunity to acquire a high-performing, passively managed asset with a strong tenant and significant upside potential. The property's prime location, coupled with the strength of the tenant and the favorable lease terms, makes this an attractive investment for discerning buyers. The address is 2031 Meadow Ln, Pewaukee, WI 53072, APN WAKC0974099002. The lease expires on March 31, 2044.

Highlights

  • Brand new, 10,087 SF daycare center in Pewaukee, WI.
  • Prime I-94 location, across from a Kroger-anchored shopping center.
  • 20-year NNN lease with a national franchisee, corporate guarantee, and 11% rent increases every five years.
  • 7.25% cap rate, $6,052,000 asking price ($599.98/SF).
  • 100% occupancy.

Property Details for 2031 Meadow Ln

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,087 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
43,124 SF

Location Insight

City
Pewaukee
County
Waukesha
State
Wisconsin
Latitude
43.0420654
Longitude
-88.260243

FAQs

What type of property is this?
Day care center & nursery - High-yield NNN lease, strong tenant.
Where is the day care center & nursery located?
The property is located at 2031 Meadow Ln Pewaukee, WI.
What is the asking price?
The asking price for this property is $6,052,000.
What are key features of this property?
This property features: Brand new, 10,087 SF daycare center in Pewaukee, WI.; Prime I-94 location, across from a Kroger-anchored shopping center.; 20-year NNN lease with a national franchisee, corporate guarantee, and 11% rent increases every five years.
How can I contact the broker?
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2031 Meadow Ln
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