April 19, 2022 – Luke Thomson and Joe Pellecchia of Horvath & Tremblay have successfully completed the sale of the 7-Eleven Retail Center in Franklin, Wisconsin. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,655,000.
The 7-Eleven Retail Center is located at 7610 Rawson Avenue in Franklin, Wisconsin. The plaza is home to three tenants, 7-Eleven, Bright Cleaners, and a Nail Salon and has one vacant unit. 7-Eleven has 5-years remaining on their lease, Bright Cleaners has 6-years remaining on their lease and the Nail Salon has 5-years remaining on their lease. All three leases are double net and offer attractive annual rent increases throughout their primary terms and renewal options. Additionally, the center offers upside through the lease-up of the vacant unit. The Property is well situated at the signalized intersection of W Rawson Avenue and South 76th Street, two of the area’s primary commercial and commuter corridors with a combined traffic count in excess of 63,500 vehicles per day. The Property is located next to the Rock Sports Complex, a year-round Sparts & Entertainment venue defined by its 6 MLB Replica Fields, and in the winter months, is home to skiing, snowboarding and snow tubing. The Property is surrounded by national retailers drawing traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.