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165 Crossroads Dr
Plover, WI 54467
Chili's · Retail Property For Sale
Investment Highlights
- Absolute NNN Ground Lease with minimal landlord responsibilities
- Approximately 6 years of firm lease term remaining through June 30, 2032
- Surrounded by Walmart Supercenter, Lowe's, Kohl's, Best Buy, TJ Maxx, Staples, McDonald's, and numerous national retailers
- Leased to Brinker Restaurant Corporation, operator of Chili's Grill & Bar
- Located within Crossroads Commons, the dominant retail destination serving the Stevens Point and Plover trade area
Executive Summary
Mid-America Real Estate – Wisconsin LLC is pleased to exclusively offer for sale a freestanding Chili's Grill & Bar located at 165 Crossroads Drive in Plover, Wisconsin. The Property is leased to Brinker Restaurant Corporation under an Absolute NNN Ground Lease, providing investors with a passive ownership opportunity backed by one of the nation's most recognizable casual dining operators. The tenant is responsible for real estate taxes, insurance, utilities, maintenance, repairs, and all property-level operating expenses.
The Property benefits from approximately six years of remaining lease term through June 30, 2032, following the tenant's recent exercise of its next five-year renewal option. Three additional five-year renewal options remain, each featuring 10% contractual rental increases, providing investors with long-term income growth.
Strategically positioned within Crossroads Commons, the Property is located in the premier retail corridor serving the Stevens Point and Plover trade area. The surrounding tenant mix includes Walmart Supercenter, Lowe's, Kohl's, Best Buy, TJ Maxx, Staples, McDonald's, and numerous additional national retailers that generate consistent consumer traffic throughout the corridor. Immediate access to Interstate 39 further enhances the Property's regional accessibility and long-term investment appeal.
The Property benefits from approximately six years of remaining lease term through June 30, 2032, following the tenant's recent exercise of its next five-year renewal option. Three additional five-year renewal options remain, each featuring 10% contractual rental increases, providing investors with long-term income growth.
Strategically positioned within Crossroads Commons, the Property is located in the premier retail corridor serving the Stevens Point and Plover trade area. The surrounding tenant mix includes Walmart Supercenter, Lowe's, Kohl's, Best Buy, TJ Maxx, Staples, McDonald's, and numerous additional national retailers that generate consistent consumer traffic throughout the corridor. Immediate access to Interstate 39 further enhances the Property's regional accessibility and long-term investment appeal.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,258 SF
Year Built
2007
Price
$2,945,273 CAD
Price Per SF
$470.64 CAD
Cap Rate
5.25%
NOI
$154,627 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.01 AC
Property Taxes
| Parcel Number | 173-23-0811-04.21 | Improvements Assessment | $3,565,967 CAD |
| Land Assessment | $1,128,842 CAD | Total Assessment | $4,694,809 CAD |
Property Taxes
Parcel Number
173-23-0811-04.21
Land Assessment
$1,128,842 CAD
Improvements Assessment
$3,565,967 CAD
Total Assessment
$4,694,809 CAD
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