Checkers Ground Lease — Sale in Milwaukee, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Milwaukee, WI 53210

Photos

Checkers Ground Lease — Sale in Milwaukee, WI, photo 1 of 5
Checkers Ground Lease — Sale in Milwaukee, WI, photo 2 of 5
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Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present this single-tenant Checkers with dual drive-thru. This location was built-to-suit in 1997 and Checkers signed a 20 year renewal in 2020 that extended their lease through August 2040. The ground lease features 12% rent increases every five years, with the next increase occurring in October 2027. The adjacent O'Reilly Auto Parts is also available for sale. Investment Highlights: • 14 Years Remaining on an Absolute Net Ground Lease • Built-to-Suit in 1997 and Checkers Renewed for 20 Years in 2020 • 12% Rent Increases Every Five Years - Next Rent Increase in October 2027 Raises the Cap Rate to 6.44% • Top 4% of Checkers Nationwide, per Placer.ai – More Info on Page 10 • 35,000+ Vehicles Per Day and 480,000+ Residents within Five Miles

Market Context

This food service in Milwaukee, WI is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Milwaukee, WI — view the full market.

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