19.13% Cap Rate | Popular Waterfront Restaurant in Central Wisconsin
1259 Anchor Landing Drive
Wisconsin Rapids, WI 54494
Highlights
- 19.13% cap rate - Popular riverside restaurant & bar with dedicated boat slips open year-round
- Located in Central Wisconsin on the Wisconsin River, known for its scenic beauty and recreational opportunities. Offers a Northwoods relaxed & casual atmosphere welcoming locals and vacationers including boaters, golfers, snowmobilers, ohv riders, hikers, bikers, cross-country skiers, and fishermen.
- 5,813 sf building on 2.144 acres of land with a capacity of 336, indoor and outdoor seating and event space, numerous recent capital improvements
- Additionally available, but not included in the sale price, is a 0.44 acre lot with 5,000 sf pole building - providing multiple opportunities for growth
Description
SVN | Northco is pleased to present the listing of Anchor Bay Bar & Grill ("Property"), a popular waterfront restaurant and bar with dedicated boat slips open year-round in Wisconsin Rapids on the Wisconsin River. The Property was built in 2006 and is known for its excellent food including the Friday night fish fry and signature pizzas served by a friendly, efficient staff. The Property has a Northwoods relaxed and casual atmosphere and often welcomes boaters, golfers, snowmobilers, ohv riders, hikers, bikers, cross-country skiers, and fishermen. Anchor Bay has a capacity of 336 individuals and offers ample indoor and outdoor patio seating and event space while frequently having live music for guests to enjoy. The owners have made numerous recent capital improvements and also have an adjacent lot with pole building available for sale, as well, that provides multiple opportunities for growth of the operations.
The Property is located in Wisconsin Rapids, a city located along the Wisconsin River in central Wisconsin. It is the largest city in Wood County and serves as an important regional hub for commerce, industry, and culture. The city is situated on the western bank of the Wisconsin River and is known for its proximity to the surrounding natural beauty, including the river itself and the nearby Cranberry Bogs, which are a significant part of Wisconsin's cranberry industry. Cranberry bogs and marshes are a common sight in the region, and cranberry farming is an important agricultural industry in Wisconsin. The Wisconsin Rapids area plays a role in the state's cranberry production.
Wisconsin Rapids has a diverse economy that historically included paper manufacturing, thanks to the presence of the Wisconsin River. The paper industry has played a significant role in the city's history, with several paper mills operating in the area. While the paper industry has faced challenges over the years, it remains a notable economic factor in the region. Other industries, including manufacturing and healthcare, also contribute to the local economy. The city offers a range of cultural and recreational activities for residents and visitors. There are parks, trails, and outdoor spaces along the river that provide opportunities for outdoor recreation. The Wisconsin Rapids area is also home to cultural events, arts organizations, and historical attractions that showcase the region's heritage.
The Property is located approximately 60 miles from the Wisconsin Dells, a popular tourist destination located along the Wisconsin River in south-central Wisconsin, USA. The Wisconsin Dells area is a popular vacation destination that offers a mix of natural wonders, family-friendly attractions, and outdoor adventures. The Wisconsin Dells is often referred to as the "Waterpark Capital of the World" due to its numerous indoor and outdoor waterparks. Its unique geological features and wide range of entertainment options make it a popular choice for visitors seeking both relaxation and excitement.
In addition, the Property is in close proximity to the popular Sand Valley Golf Resort. Known for its tumbling prehistoric sand dunes of central Wisconsin, the Sand Valley Golf Resort features five unique golf courses which is known as America's newest hidden gem. This world-class destination placed number 15 on Golfweek’s 2023 Top 100 Resort Courses list. With rolling dunes, expansive greens, and a serene ambiance, Sand Valley promises an unforgettable golfing retreat in the heart of Wisconsin's picturesque terrain. For more information visit https://sandvalley.com/.
Distances from larger cities include:
Wisconsin Dells, WI - 55 miles north of the Wisconsin Dells
Madison, WI - 108 miles north of Madison
Green Bay, WI - 115 miles west of Green Bay
Milwaukee, WI - 160 miles northwest of Milwaukee
Minneapolis, MN - 190 miles southeast of Minneapolis
Chicago, Il - 250 miles northwest of Chicago
Local airports include Mosinee, WI (33 miles) and Appleton, WI (77 miles). Nearby International airports include Austin Straubel International Airport, Green Bay (115 miles), General Mitchell International Airport, Milwaukee (160 miles), and Chicago O'Hare International Airport, Chicago (250 miles).
