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Burger King | Sheboygan, WI 2910 S Business Dr 3,349 SF Retail Building Sheboygan, WI 53081 $2,612,505 CAD ($780.09 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease with Annual Rent Bumps
- Accelerating Brand Turnaround & Sales Growth
- Primary Commercial Corridor with High Traffic Exposure
- Signalized Corner Location with Excellent Access
- Drive-Thru Oriented Asset
Executive Summary
Long-Term Absolute NNN Lease with Annual Rent Bumps -
The property is secured by an absolute NNN lease with over 10 years of remaining term and 1% annual rent bumps.
Signalized Corner Location with Excellent Access -
Situated on a signalized corner lot, the property benefits from excellent visibility, convenient ingress/egress, and exposure to over 16,300 vehicles per day.
Accelerating Brand Turnaround & Sales Growth -
Burger King is executing a multi-year revitalization, driving improved sales and stronger unit-level performance. The brand has posted consistent same-store sales growth and over 5% annual systemwide sales increases, supported by ongoing investment in remodels, digital initiatives, and marketing.
Drive-Thru Oriented Asset -
The property features a drive-thru configuration, catering to convenience-based consumer demand.
Primary Commercial Corridor with High Traffic Exposure -
Located along South Business Drive, a main arterial route on Sheboygan’s south side, the property benefits from high traffic volumes and serves as a key corridor for residents and daily commuters.
The property is secured by an absolute NNN lease with over 10 years of remaining term and 1% annual rent bumps.
Signalized Corner Location with Excellent Access -
Situated on a signalized corner lot, the property benefits from excellent visibility, convenient ingress/egress, and exposure to over 16,300 vehicles per day.
Accelerating Brand Turnaround & Sales Growth -
Burger King is executing a multi-year revitalization, driving improved sales and stronger unit-level performance. The brand has posted consistent same-store sales growth and over 5% annual systemwide sales increases, supported by ongoing investment in remodels, digital initiatives, and marketing.
Drive-Thru Oriented Asset -
The property features a drive-thru configuration, catering to convenience-based consumer demand.
Primary Commercial Corridor with High Traffic Exposure -
Located along South Business Drive, a main arterial route on Sheboygan’s south side, the property benefits from high traffic volumes and serves as a key corridor for residents and daily commuters.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,349 SF
Building Class
B
Year Built
2017
Price
$2,612,505 CAD
Price Per SF
$780.09 CAD
Cap Rate
6.75%
NOI
$176,344 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.72 AC
Parking
20 Spaces (5.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 59281431759 | Improvements Assessment | $2,022,565 CAD |
| Land Assessment | $358,829 CAD | Total Assessment | $2,381,393 CAD |
Property Taxes
Parcel Number
59281431759
Land Assessment
$358,829 CAD
Improvements Assessment
$2,022,565 CAD
Total Assessment
$2,381,393 CAD
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Burger King | Sheboygan, WI | 2910 S Business Dr
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