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1295 Olympia Fields Dr
Oconomowoc, WI 53066
First Watch - Oconomowoc WI · Retail Property For Sale
Investment Highlights
- Brand New 10-Year Lease | Options To Extend | Scheduled Increases
- Prime Location | Excellent Access & Visibility from Summit Avenue
- Strong Demographics In 5-mile Trade Area
- NN+ Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Rapidly Expanding Mixed-Use Trade Area | Significant Residential Growth | Strong National Co-Tenancy
Executive Summary
• The tenant recently executed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating long-term commitment to the site
• The lease features 10% increases every 5-years throughout the initial term and at the beginning of each option period
• First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 630 locations across 32 states
• The lease features 10% increases every 5-years throughout the initial term and at the beginning of each option period
• First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 630 locations across 32 states
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,853 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,998,254 CAD
Price Per SF
$1,297.24 CAD
Cap Rate
6%
NOI
$299,895 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.14 AC
Zoning
GC - General Commercial
Parking
70 Spaces (18.17 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
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