3030 Milton AveJanesville, WI 53545

For Sale
$3,118,280

Net Lease QSR Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 2,809 square foot Raising Cane's restaurant located at 3030 Milton Ave, Janesville, WI 53545. Built in 2024, this single-tenant property offers a 15-year absolute NNN lease with a corporate guarantee, providing significant security and stability. The lease includes 10% rent bumps every five years, ensuring consistent growth in income. The property boasts a strong 4.65% cap rate and a net operating income (NOI) of $145,000. Strategically positioned in a high-traffic area of Janesville, near major retailers like Target, Menards, and Home Depot, this location benefits from significant daytime traffic generated by nearby industrial facilities and its proximity to I-90, a major artery connecting Rockford and Madison. The property's location within a dense market and the sought-after Raising Cane's brand contribute to its high barrier to entry and strong investment fundamentals. The remaining lease term is 15 years, with five, five-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term potential. The asking price is $3,118,280.

Property Details for 3030 Milton Ave

Property type
Other retail properties, Restaurants
Square Feet
2,809 SF
Year Built
2024
Buildings
1

Location Insight

City
Janesville
County
Rock
State
Wisconsin
Latitude
42.719419021333
Longitude
-88.996687805522
3030 Milton Ave, Janesville, Wisconsin

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3030 Milton Ave
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