Marcus & Millichap brokered the sale of a net-leased Chipotle property located in Wausau, Wisconsin, for $2,475,893. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured the financing.
Jeff Rowlett, Blake Hanlon and Mark Peltin, investment specialists in Marcus & Millichap’s Milwaukee office, procured the buyer, Niets Investment Company.
Michael Hughes, managing director in the firm’s Milwaukee office, secured a 5-year loan with a 5.65% fixed interest rate and a 25-year amortization period.
Located at 225407 Rib Mountain Drive, the newly constructed, 5,000-square-foot Chipotle sits on 1.41 acres. The property is secured by a 15-year, corporate-guaranteed net lease and is the only Chipotle within a 95-mile radius. The site is adjacent to a newly constructed Chick-fil-A, which is listed for sale by Rowlett, and is positioned near national retailers including Walmart Supercenter, Sam’s Club, Target and Starbucks.
