297 S EISENHOWER PKWY

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297 S EISENHOWER PKWY

RHINELANDER, WI 54501-8361
Asking Price
$2.33M
Cap Rate
7%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

100% Leased | 4,611 SF <ul><li>​Fully Leased Two-Tenant Retail Building Occupied by Starbucks and Jersey Mike’s Subs</li><li>​All Tenants are Operating on 10-Year NNN Leases | Minimal Landlord Responsibilities</li><li>​Jersey Mike’s Plans to Be Open and Commencing Rent By September 1, 2026</li><li>​Both Tenants Have Favorable Rent Increases Every Five Years, Including All Option Periods</li><li>​Corporate Guaranteed Starbucks Lease | (NASDAQ: SBUX | S&P: BBB+)</li><li>​Jersey Mike’s Lease is Personally Guaranteed from

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NOI
$80,000
Cap Rate
3.44%
DSCR
0.58
Underwater
Cash-on-Cash
-8.33%
Monthly Payment
$11,515.551
Annual Cash Flow
$-58,186.616

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