Fleet Farm

Retail / Posted 2 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 44 views

  • Price : $42,451,015
  • Cap Rate : 6.5%
  • Net Operating Income : $2,759,316
  • Tenant : Fleet Farm Group, LLC
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 18
  • Building Size (SF) : 224,045
  • Land Area (Acres) : 27.34
  • Year Built : 2018

This Fleet Farm is a Triple-Net Lease property with 18 years remaining on the lease and rent increases annually, lesser of 2% or 1.25x CPI.
Fleet Farm operates 47 stores in 5 states selling a wide variety of goods from sports and outdoor equipment and licenses, small appliances, housewares, automotive goods, apparel, hardware, lawn and garden supplies, paint, pet supplies, sporting goods, tools, and farm supplies. Most locations also have a tire center, convenience store, and car wash including this location.
Fleet Farm has freeway visibility from Interstate 43 with over 22,700 vehicles per day and located off on Geneva Street with over 21,000 vehicles per day.
Well located near: Walmart, Lowe’s, Kohl’s, ALDI Foods, Walgreens Pharmacy, McDonalds, Starbucks Coffee, Taco Bell and many more. Meijer has purchased 27 acres next to Fleet Farm.
Vacation Destination includes Lakes Geneva, Delavan, and Como, is the 6th largest draw for tourism in Wisconsin generating over $580 Million in 2019.
The Lake Lawn Resort located just North of Fleet Farm is currently proposing the Harbor Club which will consist of 141 homes; 61 single-family and 40 duplex units.
Delavan is a city in Walworth County, Wisconsin located 45 miles southwest of Milwaukee and 90 miles northwest of Chicago. Delavan is home to Delavan Lake and approximately 10 miles from Geneva Lake and Como Lake making it a sought after vacation destination.

1516 Geneva StreetDelavan,Wisconsin,53115

Keith Sturm
Upland Real Estate Group, Inc.


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