Batteries Plus Corporate Headquarters – Hartland, WI

Batteries Plus Corporate Headquarters – Hartland, WI

Batteries Plus Corporate Headquarters – Hartland, WI
1325 Walnut Ridge Drive
Hartland, WI 53029

$3,950,000

Cap Rate 7.85%
Gross Leasable Area (GLA) 30,256
Price Per Square Foot (GLA) $130.55
Year Built 1999
Lot Size 4.98 acres
  •  Corporate Headquarters for Batteries Plus Bulbs
  •  Brand New, 10 Year, 6 Month Lease
  •  Below Market Rents - $10.41 per square foot, NNN
  •  Corporate Guarantee from Batteries Plus, LLC
  • Walnut Ridge Business Center only 2% Vacant, 5-Year average only 5%.
  •  Hartland, WI Average Household Income over $100,000 per year
  • Neighboring Businesses Include: Merge Healthcare, Milwaukee Journal Sentinel and Aurora Healthcare
  • Building Built in 1999
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Batteries Plus Corporate Headquarters – Hartland, WI (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

1325 Walnut Ridge Drive in Hartland, Wisconsin is the Corporate Headquarters for Batteries Plus, the nations largest and fastest growing battery franchise and one of the top 50 franchisors in the country.

Subject property is a 30,256 square foot, single tenant office building located in the Walnut Ridge Business Center. Batteries Plus executed a brand new, 10 year, 6 month lease which will commence on February 1, 2014, with one five year option to renew. Batteries Plus has been located in this office park since its original development in 1989 and have outgrown their former space into the subject property. Subject property has additional land for expansion.

Hartland, Wisconsin is located 25 miles west of Milwaukee in what is knows as “Lake Country”. Hartland boasts excellent demographics with an average household income of $155,000 per year within a one mile radius, and $117,000 within a five mile radius. “Lake Country” is one of the most affluent communities of Southeastern Wisconsin and is home to many of the areas top executives.

 

For More Information, Please Contact:

James Medefind

Senior Associate
813-387-4788
james.Medefind@marcusmillichap.com