147 Westend CirVerona, WI 53593

  • Retail properties
  • 2,200 SF
For Sale
$2,571,000 View listing

Property Details for 147 Westend Cir

Year built
2022
Lot size
1.60 AC
Property size (Sq ft)
2,200 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a fee-simple, triple-net-leased (NNN) Starbucks located at 147 West End Cir, Verona, WI 53593. The 2,200 square foot building, constructed in 2022, sits on a 1.6-acre lot and boasts a 15-year roof warranty. The property enjoys a 100% occupancy rate with a remaining lease term of 8.3 years (expiring February 28, 2033), commencing September 29, 2022. The lease includes rent bumps. The tenant, Starbucks, is credit-rated and backed by a corporate guarantee, providing significant security for investors. The property's strong performance is reflected in its $135,000 net operating income (NOI) and a 5.25% cap rate. The asking price is $2,571,000, translating to a price per square foot of $1,169. This prime location directly across from Verona Area High School (1,700+ students) and 1.5 miles from the expansive Epic Systems campus ensures consistent high traffic and strong sales. Verona's status as one of Wisconsin's fastest-growing cities, within the desirable Madison MSA, further enhances the long-term growth potential of this investment. This Starbucks is ranked in the top 24% of Wisconsin locations and the top 27% nationwide, holding the #2 position within its trade area. This offering presents a rare chance to acquire a high-performing, corporate-leased asset in a thriving market with substantial upside. The property is classified as Class A retail, with a single tenancy.

147 Westend Cir, Verona, Wisconsin

Location Insight

City
Verona
County
Dane
State
Wisconsin
Latitude
42.9874
Longitude
-89.5526

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