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INVESTMENT HIGHLIGHTS
Absolute Net Lease Property is subject to an Absolute NNN Lease with Tenant responsible for direct payment of all operating and capital expenses related to the Property.
Large 1.22 Acre Lot The property resides on a 1.22-acre lot, providing an excess of unimproved land which can be utilized in the future for outparcel development, building expansion, or redevelopment opportunities.
Brand New Construction The Property was constructed from the ground up less than 5 years ago. The surrounding properties are all new construction, as the area has undergone extensive redevelopment and continues to attract new concepts.
Rental Increases Every 5 Years The Lease is subject to 10% rent increases every 5 years in the base term and continuing through each five-year renewal option. This structure provides stable rent growth and increasing returns while hedging against inflationary risk.
Excellent Guaranty Credit The Lease is guaranteed by HZ Ops Holdings, Inc., which is part of the Dhanani Group, which in total operates more than 800 restaurants. HZ Ops Holdings itself holds a guaranty of over 250 units, providing a very low risk investment opportunity.
Strategic Market Position The Subject Property is located within an extremely dense retail corridor of the Milwaukee MSA. Adjacent national retailers include Whole Foods, DICK’s Sporting Goods, Lowe’s, Meijer, TJ Maxx, Macy’s, Mayfair, Nordstrom, Best Buy, Carhartt, Pick ‘n Save, The Container Store, Walgreens, Dollar Tree, Barnes & Noble, Dave & Buster’s, The Cheesecake Factory, Crate & Barrel, Buffalo Wild Wings, Wendy’s, and many more.
Core of Milwaukee Metro Located within the Milwaukee metropolitan area, the Property benefits from attractive demographics: The immediate 5-mile area supports a population of 298,267 residents earning an average income of $81,513 annually.
High Traffic Counts The Subject Property sits near the corner of W. Burleigh St and N Mayfair Rd, which facilitate a combined 40,000 vehicles per day.
