Acquired in early 2019 as part of a 1031 exchange, this Burger King in Janesville, WI features an absolute NNN Lease with over 18 years remaining. The lease is guaranteed by Cave Enterprises, Inc, a 135+ unit operator of Burger King locations in the Wisconsin region. The lease also features 1% annual increases, providing for a steady hedge against inflation.
This property is located as an outparcel to the recently purchased Janesville Mall which is poised for a massive renovation in the near future and features significant frontage on Milton Road, a main retail thoroughfare for the area.
OneV Capital plans to hold this property long term and enjoy the favorable return from rental income. The Tenant manages all monthly expenses directly including property tax, insurance, and maintenance which means there is no management or maintenance required. This property is one of a few upcoming transactions to create stable monthly cash flow which can be reinvested into value-add projects in the future.