N96 W18200 & N96 W18250 County Line Rd

This outstanding two-tenant retail asset features a full-size Fleet Farm store totaling approximately 177,803 square feet and a recently constructed Chase Bank totaling approximately 3,245 square feet, with both parcels totaling 17.83 acres. The offering is secured by a long-term 20-year lease with Fleet Farm a strong Midwest retailer with a cult like following. Fleet Farm accounts for 94.7% of the total NOI. The Fleet Farm lease commenced in December 2021 and features 15.6 years of firm term today. The tenant’s lease calls for 2.00% annual increases and 4 (5-Year) options, offering exceptional income stability and a hedge against inflation.

This offering represents an unparalleled chance to acquire a state-of-the-art Fleet Farm and a brand-new construction Chase Bank in an expanding and affluent Milwaukee suburb. Both tenants offer secure long-term leases, with rental increases and options in a market with limited big-box availability.

Location Description

Milwaukee is a midsize Great Lakes metro with a diversified economic base, important manufacturing and health-care clusters, a strong set of anchor institutions (universities, hospitals, port and distribution infrastructure), and a housing/real-estate market that has tightened materially in recent years. The metro’s real GDP and population are roughly stable to moderate growth, but the county and city face persistent income and labor-market challenges in pockets that shape socioeconomic outcomes and real-estate demand.

Highlights

Fleet Farm (Private Company - Subsidiary of Golub Capital ($90B+ AUM) | 50+ Locations in WI, MN, IA, ND, & SD | Expanding Regional Value-Oriented Retailer (Farm & Pet Supplies, Outdoor & Sporting Goods, Automotive & Hardware Items, Apparel, and Household Goods are the company’s primary focus) | HQ: Appleton, WI - Established 1955

JPMorgan Chase (NYSE: JPM) | Credit Rating: S&P: AA- / Outlook: Stable | JPM Manages $4.4 Trillion in Assets | JPMorgan is the Largest Bank in the U.S. | JPMorgan is the 22nd Largest Company in the US by Revenue (Marketcap.com) | 5,000+ Bank Branches

15.5 -Years of Weighted Average Lease Term Remaining | Newly Executed Leases with Multiple Options | Fixed Rental Increases | Absolute NNN Investment with Zero Landlord Maintenance & Repair Responsibilities

Diverse & Dynamic Retail Corridor | 0.5 Miles to Interstate 41 (87,873 VPD) | Stable & Affluent Demographics (58,678 Residents with an Average Household Income of $111,506 within 5 Miles) | 14.5 Miles Northwest of Downtown Milwaukeee