Giordano's - Kenosha - retail for sale
Download offering memorandum:
Overview
JLL is pleased to offer for sale the fee-simple interest in a new-construction Giordano’s located in Kenosha, Wisconsin. The subject Asset represents Giordano’s first Wisconsin location in a period of substantial expansion for the company. Sitting as an outparcel to Southport Plaza, the tenant is centrally positioned in a dynamic corridor with retailers such as Lowe’s, McDonald’s, Taco Bell, Kohl’s, Meijer, and more all operating within the Property’s immediate proximity. The Asset will feature a new 10-year lease commencing upon delivery in December 2019 with regular increases and limited landlord responsibilities.
Investment highlights
- Brand New Construction With Long Term Lease In Place
- Visible Green Bay Road Outparcel To Southport Plaza
- Healthy Surrounding Retail & Rapidly Growing Industrial Market
- Iconic Regional Brand With Roots In Nearby Chicago
| General | |
| Property type | Retail |
| Tenure type | Sale/Purchase |
| Property address | 7060 Green Bay Rd, Kenosha, WI 53142-1435 |
| Land in acres | 0.81 |
| Building size | 4,500 ft2 |
| Year built | 2019 |
| Financial | |
| Price | $2,560,000 |
| Cap rate | 6.50% |
| Current NOI | $166,500.00 |
| Lease | |
Giordano's - Kenosha - retail for sale
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