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2747 Millwaukee Rd,  Beloit,  WI  53511 $1,600,000 Expired
2747 Millwaukee Rd,  Beloit,  WI  53511
$1,600,000
Expired
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 Property Type Business/Commercial
 Parcel # 22980335
 County Rock
 Sub Area P02
 Municipality Beloit
 MLS# 1895855
 Listing Date 10/12/2020

MLS Public Remarks  Freestanding full-service restaurant building for sale in Beloit, WI. Buffalo Wild Wings, founded in 1982 and headquartered in Georgia, has opened over 1,238 locations worldwide. They have five (5) years remaining on the original lease term with four (4) 5-year options to renew at ten percent (10%) bumps per renewal. The 5,754 SF building has a prime location with high visibility and easy access to I-39/90, I-43, and WI-81 (Milwaukee Rd). Surrounded by national retail chains and big-box users, some of the neighboring retailers include Walmart Supercenter, Menards, Aldi, Hampton Inn, Home2 Suites by Hilton, and Super 8 by Wyndham. Combined traffic count on Milwaukee Rd and Cranston Rd is 28,700 VPD.
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Beloit
  • C/T/V  City
  • Unit #  
  • Directions  Located Near Intersection Of Cranston Rd & Milwaukee Rd.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $16
  • Total Units/Bldg  1
  • Building Gross SqFt  5,754
  • Net Leasable SqFt  5,754
  • Year Built  1999
  • Source for Year Built  PubR
  • Approx Bldg Dimen  0
  • Street Frontage  116
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  1
  • Ceiling Height Min  0
  • Ceiling Height Max  0
  • Number of Loading Docks  0
  • Zoning  C2
  • Est. Total Acres  1.33
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $579,800
  • Assessment Year  2019
  • Net Taxes  $26,472
  • Tax Year  2019
  • Improvements  $343,400
  • Total Assessment  $923,200
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $92,640
  • Annual Operating Exp  $0
  • Net Operating Income  $92,640
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 NNN 6/30/2025 Yes $92,640 $16 $0 5,754
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included 
    Items Excluded 
    INTERIOR FEATURES  
  • Heating/Cooling  Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  
  • Fuel  Natural gas
  • Seating Capacity  Over 100 persons
    • EXTERIOR FEATURES  
  • Type   Restaurant/Supper Club, Retail, Service
  • Exterior Treatment  
  • Building Parking  56 or more spaces, Onsite, Paved
  • Roofing  Partially flat
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  
  • Location  Free standing, Near Major Highway, Shopping center
  • Tenant Pays  All expenses
  • Present Use  Restaurant/Supper Club, Retail
  • Licenses  Beer, Food, Liquor, Wine
  • Lease Type  Multiple years, Renewal options, Triple net
  • Occupied by  
  • Sale Includes  Lease(s)
  • Features  Public rest rooms



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Coldwell Banker Commercial Mcguire Mears & Assoc