✖
American Freight
1818 Milton Avenue, Janesville, WI 53545
$1,246,667
Cap Rate 7.50%
Summary
| Price $1,246,667 | Built/Renov 1973 | Tenant American Freight |
| Cap Rate 7.50% | Lease Type
Double NN | Guarantor Corp Rated |
| Size/SF
18,900
| Lease Start
12-09-2020
| #Units
371
|
| Price/SF $65.96 | Expiration
12-09-2025
| Tenant Type General Retail |
| NOI $93,500 | R. Term 1.12 | Ownership Fee Simple |
| Rent/SF
$4.95
| Increases 4.8%/2/yrs | Pop 5Mi 69,356 |
| Lot/AC 1.96 | Options 3/5yrs/4.76% | AHHI 5Mi $83,305 |
| | |
Lease Highlights
- New roof installed in 2021 with a 16-year warranty
- Tenant has 2+ years remaining on their primary lease with 3 (5-year) renewal options
- Lease features 4.76% rental increases at the start of each option period
- Corporate guaranteed lease
Location Description
American Freight is positioned at the hard corner, signalized intersection along Milton Ave with access to 26,000 vehicles passing per day. The property is in a retail corridor with Big Lots, CVS, Kohl’s, Walgreens, Target, Walmart, Sam’s Club, ALDI and many other national retail tenants. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store...
...Features
-
Signalized intersection
-
Hard corner intersection
-
New roof
-
In location for years
-
Major thoroughfare
-
Near major nationals
-
Strategically located
-
Top 100 MSA
-
Traded and rated company
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: American Freight
- Guarantor:Corp Rated
- Company:Franchise Group Inc.
- # Units:371
- Tenant S&P: B+
- Moody’s: B2
- Stock:Private
About Tenant
American Freight is an American retail company that sells furniture, mattresses and home appliances. The company sells brand name products and appliances from Frigidaire, Electrolux, GE, LG,...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,154 | 51,978 | 69,309 |
| 2023 Total Population : | 8,304 | 52,064 | 69,596 |
| 2023 Employed Civilian Pop : | 4,117 | 25,667 | 34,067 |
| 2023 Total Businesses : | 469 | 2,085 | 2,509 |
| 2023 Average Household Income : | $ 70,100 | $ 82,675 | $ 84,817 |
| 2023 Total Consumer Spending : | $ 232 M | $ 1579 M | $ 2131 M |
| 2023 Median Age : | 42 | 40 | 40 |
| 2023 Total Households : | 3,778 | 21,974 | 28,897 |
| 2023 Pop Age 25+: Bachelor's Degree : | 986 | 7,510 | 9,795 |
| 2023 Average Home Value : | $ 181,886 | $ 235,645 | $ 241,031 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Randolph Rd | Milton Ave | 2019 | 5,100 | 0.05 mi |
| N Randall Ave | Black Bridge Rd | 2019 | 5,900 | 0.06 mi |
| Milton Ave | Randolph Rd | 2016 | 26,300 | 0.08 mi |
| Milton Avenue | Kennedy Rd | 2019 | 25,000 | 0.09 mi |
| Kennedy Rd | Norwood Rd | 2019 | 4,500 | 0.12 mi |
| Milton Avenue | Newman St | 2019 | 22,600 | 0.28 mi |
| Milton Avenue | Refset Dr | 2019 | 24,700 | 0.31 mi |
| Milton Ave | Refset Dr | 2013 | 24,900 | 0.31 mi |
| Milton Ave | Creston PkDr | 2016 | 20,600 | 0.38 mi |
| N Randall Ave | Mount Zion Ave | 2019 | 5,400 | 0.39 mi |
