Doolittle’s Woodfire Grill |4323 E Towne Blvd, Madison, WI 53704 $4,178,571| Investment Details Absolute NNN Ground Lease with over Six years Remaining Located Down the Street from Madison Area Technical College and Dane County Regional Airport East Towne Mall is Anchored by Sears, JC Penny, Boston Store, and Dick’s Sporting Goods Highly Populated Region with Roughly 115,000 Residents in a 5-Mile Radius TENANT OVERVIEW Doolittles Woodfire Grill Company Profile Tenant Trade Name Doolittles Woodfire Grill Ownership Private Sales Volume Lease Guarantor Roca Restaurant Group, LLC No. of Locations 6 No. of Employees 50-100 Headquarters Eagan, Minnesota Website Doolittles.com TENANT INFO The first Doolittles opened its doors in 1989 in Eagan, Minnesota. Doolittles has steadily grown because of its commitment to its ideals and goals which are accomplished through loyal and dedicated employees. In a collaborative effort, owners Lynn Reimer and John Sheehan have led the chef-driven menu which has evolved over the years to include woodfired rotisserie cooking. Doolittles’ focus on Guest Obsession and the desire to create a dining experience for all occasions, drives the team’s creative flair which has given way to many new mouthwatering creations and seasonal specials. Using unique and fresh ingredients prepared in scratch kitchens, they reinforce “It’s about Quality” with this culinary team! 5 Best Wings $114,977 Locations By Fargo Flavor Annual Revenue THE OFFERING Overview Annualized Operating Data Price $4,178,571 Lease Term Annual Rent Gross Leasable Area 8,156 Years 1 – 10 $292,500 Lot Size 1.83 Acres Option 1 $292,500 Year Built 2014 Option 2 $321,750 Net Operating Income $292,500 Option 3 $353,925 CAP Rate 7.0% Lease Abstract Lease Type Absolute Net Lease Term 10 years Lease Start 02/22/13 Lease Expiration 05/31/2024 Renewal Options Three – 5 year Increases 10% in option 2 and 3 Roof and Structure Tenant Responsible C Aerial View AREA MAPPING C Location Map Madison, Wisconsin Population 1-Mile 3-Mile 5-Mile Madison is the capital of the U.S. state of Wisconsin and the county seat of Dane County. As of 2010 6,450 45,826 107,806 July 1, 2016, Madison's estimated population of 252,551 made it the second largest city in Wisconsin, after Milwaukee, and the 82nd largest in the United States. 2016 6,802 48,424 114,956 The Madison Metropolitan School District serves the city and surrounding area. With an enrollment 2021 7,138 50,253 120,761 of approximately 25,000 students in 46 schools, it is the second largest school district in Wisconsin. The five public high schools are James Madison Memorial, Madison West, Madison 2016 1-Mile 3-Mile 5-Mile East, La Follette, and Malcolm Shabazz City High School, an alternative school. Among private Household church-related high schools are Abundant Life Christian School, Edgewood High School, located Incomes near the Edgewood College campus, and St. Ambrose Academy, a Catholic school offering grades 6 Average $68,601 $64,702 $71,212 through 12. Madison Country Day School is a private high school with no religious affiliation. The city is home to the University of Wisconsin–Madison, Edgewood College, Madison Area Median $57,354 $53,245 $56,473 Technical College, and Madison Media Institute, giving the city a post-secondary student population of nearly 50,000. Madison is home to companies such as Spectrum Brands, Alliant Top Employers in # of Employees Energy, the Credit Union National Association (CUNA), MGE Energy, Aprilaire, and Sub-Zero & Wolf Bakersfield Appliance. Technology companies include Google, and Microsoft. Wisconsin State Government Points of interest in the area include; Olbrich Botanical Gardens, Henry Vilas Zoo, and Camp University of Wisconson-Madison Randall Stadium all of which are high traffic areas. University of Wisconsin Hospital and Clinics $71,212 114,956 52,056 5-mile radius average HH Income 5-mile radius population 5-mile radius number of households Presented By .