1012 N 8th St
Medford, WI 54451

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased Maurices in Medford, Wisconsin. The 5,005 square foot building was built-to-suit for Maurices in 2011, with Maurices signing an original 10 year lease. The current lease expiration is January 31, 2022 leaving almost 3 years of base lease term left with a rent increase in February 2022 with the signing of the first renewal option. There are three, five-year renewal options in total, both having a rent increase. The lease is modified triple net, with the landlord being responsible for the roof and structural components of the building and the tenant responsible for all common area maintenance, real estate taxes and insurance. Maurices is the sole outparcel to the Walmart Supercenter and has excellent exposure along North 8th Street. Maurices capitalizes off a lack of competition in their niche market and benefits from the strong traffic counts driven by Walmart and some of the other surrounding retailers including Taco Bell, Arby’s, Hardees, O’Reilly Auto Parts, Advance Auto Parts and others. Medford is ideally situated 78 miles outside of Eau Claire and 160 miles outside of Minneapolis, and also 140 miles west of Green Bay. Maurices’s was a part of Ascena Retail Group, Inc which operates more than 4,900 stores across five main brands and is publically traded on the NASDAQ under the ticker symbol “ASNA”. However, in late March 2019, a majority stake in the Duluth-based retail chain was purchased in a $300 million deal by an affiliate of the London-based private equity firm, OpCapita LLP. Ascena will maintain a significant minority interest.