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Want a business that is “turn-key” but also has plenty of room for expansion and offers tremendous potential? Want to spend your days at the lake and your evenings gathered with friends, neighbors and regular customers that make your establishment a “must” for finishing off their day? Want to see satisfaction on the faces of your customers when they stop in for lunch and get a hearty meal for a reasonable price, or know that your place is where they come to get the best burger in the County? Want to be a part of the annual events that this “little-big” Resort plans…like Ice Fishing Derby’s and Motor Cycle Ice Racing in the winter and Fishing Tournaments and other water sport events in the summer?
…or maybe you just want to sit out on the deck in the cool breeze off this popular lake northeast of Lake Geneva and just watch the sun set. That would also be a viable option open to you as the owner of this lovely and unique property. If you find any of these things appealing, and you are in the market to buy a bar/restaurant and 10 unit motel plus 2 additional rental units or owner’s quarters; then look no further, because this unique property has everything you need. This exclusive offering by Realty Dynamics is considered a commodity in this “neck of the woods” as most of the resorts that used to exist have fell victim to high pressure developers that wanted to build lakefront condo’s or large single family residences on beautiful and increasingly scarce lake frontage of South Eastern Wisconsin. Located just 10 minutes north of the Illinois border, 10 minutes northeast of Lake Geneva, approximately 80 minutes out of Chicago’s Loop and about 40 minutes from downtown Milwaukee, this lovely Resort boasts a business that is well-known for its good food, reasonable drinks, hospitality and “good times” that are usually had by all. With 227 feet of frontage on a small, sandy-bottom (very clean) Lake, the view is facing west so you will not find a better sunset anywhere in this portion of the State. Encompassing two parcels and over one acre of land, the larger parcel contains the building that houses the bar/restaurant and rental units which was initially built at the turn of the century and operated as a hotel; it has been completely renovated and modernized. In the 1980’s the 10 unit motel was added to the smaller parcel but there is still ample parking for all of the planned and “scheduled” events, plus there is also room for expansion toward the lake by another 75-100 feet. Seller will show financial documents ONLY to pre-qualified buyers who have properly signed a Non-Disclosure Agreement. Seller may also assist with buyer’s financing. Call Rebecca Nichols of Realty Dynamics at 414-640-6365 or email her at rebecca@realty-dynamics.com for more information on this unique property. Asking Price $1,400,000 |
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Southeastern Wisconsin Resort Business
16 Unit - 8 & 8 Apts. on Pine Street in New London
24 Unit - 7 & 17 Apts. on the Wolf River in New London
56 Unit Apartment Complex - New London
Click Here for a Printable Copy of the info Sheet for the Great Property
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Waiting For The Market To Rebound?
Everybody knows the bad news:
Stocks have plummeted; investors have lost 40-60% of their portfolio value. Billions in bailout money is hemorrhaging into failing banks and Wall Street.
Where can you find a safe place to invest what’s left of your equity? It’s right here, under your nose. You drive by it every day and never give it a second glance. Yet all the time it has been creating wealth for its owners. It moves up and down but always on an upward trajectory.
What is it? It’s INVESTMENT REAL ESTATE!
Use to be back in the day, it seemed like a pretty good deal to buy an apartment building and hold it for 10-20 years and then retire off it But then the stock market got interesting with the high tech boom of the nineties and led many to believe that you could get rich overnight. For a while it seemed to those clever (or just plain lucky) Wall Street investors that hitching their wagons to a rapidly spiking market was easy and would never end.
The Stock Market: everything went up! …… and then it all went down!
All the time real estate kept consistently increasing in value and making owners rich.
Now while the most recent crop of stock players has lost nearly half their equity in less than a year, those who stayed with investment real estate are for the most part, doing just fine. Anyone who bit off way more than they could chew, who flew way too high, too close to the sun, and borrowed like there was no tomorrow, their properties are in foreclosure. But for the vast majority of real estate investors, it is business as usual.
Don’t get me wrong, there’s a huge real estate crisis and values have fallen, but only a fraction as much as Wall Street (at least in Wisconsin). It’s single family homes for the most part that have been affected. Many of those people who lost their homes or can no longer qualify for a mortgage are where? They’re in apartments, paying rent to their landlord!
Here we are again, the aftermath of another stock market bubble bursting. And investment real estate is still going. So before you give what’s left of your nest-egg back to the Wall Street geniuses, give me a call & let me show you how apartment investing can work for you.
Maybe it’s Time to Get into Investment Real Estate!
Kevin Gleason – (414) 870-5363
Dental/Medical Building $180,000
Ideal for dental, dialysis, medical or any use that requires generous electrical and plumbing. On high traffic major arterial with easy access to public transportation. 110 & 220 power updated throughout; 2,800 sq ft. Property is vacant.
Contact Kevin Gleason @ 414-870-5363
Triple Net Leases Explained
You may have heard the terms “triple-net property” or “net-leased ” This refers to the type of lease a commercial tenant enters into in a retail, industrial or office property. Triple net describes a type of tenancy in which the tenant pays not only rent, but also pays for three other major expenses associated with the lease; property taxes, insurance and common-area maintenance (or CAM as it’s referred to).
What this means is that the owner pays practically no operating cost except for a modest administrative fee, has little or no direct involvement with the management of the property, but gets a rent check every month, and depending on the length of the lease, may not even need to visit the property for years. The landlord does, however retain responsibility for the repair and maintenance of the roof & structure, although there are leases called “absolute net” leased under which the tenant is responsible for even those items as well, and in any case, are unlikely to need attention with newer properties.
The best type of triple-net, or NNN lease is with an investment-grade tenant, one whose financial strength is of the highest order, and presumable will never fail to pay rent even if they cease to operate at the property. They pay the lowest rent. A Walgreens for instance, is one of the most creditworthy tenants, while a small locally based mom & pop business would be at the low end. Walgreens rent per square foot would be the lowest, while at the other end, less creditworthy tenants pay the highest rent. The lower the risk, the lower the rent. The simplicity and lack of hands-on involvement required by the owner makes these attractive and they are ideal for the investor seeking real estate without putting additional money or time into the property.
The risk, particularly with the “Free standing, Single-tenant, Triple net” lease, is that under a worst case scenario, the tenant might go under and walk away, leaving the investor with a “dark” property and no income. As a hedge against that situation, choosing a property in a solid, dynamic rental area will enable you to re-tenant the property, although it might take months to do so. There again, the creditworthiness of the tenant comes into play. Walgreens might cease to operate a store, but they will always pay their rent whether the lights are on or off.
Investors who have spent years building up a portfolio of properties and decide to liquidate their holdings need to effectuate a tax-deferred exchange, to defer their gigantic capital gains and recapture tax liabilities. Having spent years with their sleeves rolled up, managing their properties, they seek to simplify their lives and turn to NNN properties as an ideal replacement properties. After selling off their portfolio, they replace them with quality NNN properties, thus insuring them a steady income stream, little or no management responsibilities, and their tax liabilities are deferred.
We can introduce you to an array of different NNN property types, from investment grade retail to office and industrial. When you’re ready to cash out the wealth you’ve built, but have no intention of giving it all to “Uncle Sam” call Kevin Gleason and let him give you some NNN investment options to consider. It will be well worth your time.