100% Lease | NNN Industrial | I-94 Adjacent 110 Lincoln St 80,000 SF 100% Leased Industrial Building Online Auction Sale Johnson Creek, WI 53038
INVESTMENT HIGHLIGHTS
- Absolute net lease with minimal landlord responsibilities and high income
- One mile from Interstate 94 between Milwaukee and Madison
- NOI for next 12 months is about $642,343
- Internet-resistant, essential tenant that provides products for dairy farmers
- Opportunity to acquire at a low basis
EXECUTIVE SUMMARY
110 Lincoln Street presents a unique opportunity to acquire an absolute net leased industrial asset in Johnson Creek, Wisconsin. The approximately 80,000 square foot building rests on 6.49 acres parcel with six exterior truck docks, two drive-in doors, ample floor space for manufacturing or warehousing, and recently remodeled office space.
The building has been absolute net leased by Milkrite InterPuls Inc. since September 2009 with a current term running through September 30, 2027. The absolute net structure of the lease presents a new landlord with hands-off ownership and minimal responsibilities. The tenant has shown continued loyalty to the property with a long operational history there. Milkrite InterPuls Inc. provides milking solutions to farmers around the United States and has provided cutting-edge technology to the dairy industry since 1885. The recession-proof nature of the industry provides an investor with an essential industry tenant that is crucial to the market.
110 Lincoln Street is in a prominent connected location just a mile from Interstate 94, a critical Midwest transportation route connecting the dense population centers of Milwaukee and Madison. Johnson Creek is perfectly nestled near the halfway point between these two major cities and also offers access to the surrounding agricultural producers in the Wisconsin economy. Demographics around the property include a 10-mile population of over 55,000 people. This population base earns $82,000 a year per household on average, with careers skewing toward goods production industries, setting up a foundational employee base that aids in filling the ranks.
Johnson Creek is located in Jefferson County, which is between the Milwaukee and Madison markets. According to CoStar, the Q1 2025 vacancy rate for industrial and flex properties in Jefferson County is just 2.8%. The Milwaukee vacancy rate is 4.7% and the Madison vacancy rate is 3.7%.
Don't miss the opportunity to acquire an absolute net leased industrial asset with an essential industry tenant who has shown a continued commitment to it.
The building has been absolute net leased by Milkrite InterPuls Inc. since September 2009 with a current term running through September 30, 2027. The absolute net structure of the lease presents a new landlord with hands-off ownership and minimal responsibilities. The tenant has shown continued loyalty to the property with a long operational history there. Milkrite InterPuls Inc. provides milking solutions to farmers around the United States and has provided cutting-edge technology to the dairy industry since 1885. The recession-proof nature of the industry provides an investor with an essential industry tenant that is crucial to the market.
110 Lincoln Street is in a prominent connected location just a mile from Interstate 94, a critical Midwest transportation route connecting the dense population centers of Milwaukee and Madison. Johnson Creek is perfectly nestled near the halfway point between these two major cities and also offers access to the surrounding agricultural producers in the Wisconsin economy. Demographics around the property include a 10-mile population of over 55,000 people. This population base earns $82,000 a year per household on average, with careers skewing toward goods production industries, setting up a foundational employee base that aids in filling the ranks.
Johnson Creek is located in Jefferson County, which is between the Milwaukee and Madison markets. According to CoStar, the Q1 2025 vacancy rate for industrial and flex properties in Jefferson County is just 2.8%. The Milwaukee vacancy rate is 4.7% and the Madison vacancy rate is 3.7%.
Don't miss the opportunity to acquire an absolute net leased industrial asset with an essential industry tenant who has shown a continued commitment to it.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Watertown-Fort Atkinson - WI USA
Market Cap Rate
Watertown-Fort Atkinson - WI USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- milkrite | Interpuls
- Agriculture, Forestry, Fishing and Hunting
-
99,999 SF
-
$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| milkrite | Interpuls | Agriculture, Forestry, Fishing and Hunting | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Chicago
2,705,994
129
2 h 39 m
Indianapolis
867,125
309
6 h 7 m
Detroit
672,662
411
7 h 50 m
Louisville
620,118
434
8 h 26 m
Columbus
892,533
447
9 h 24 m
Nashville
669,053
612
11 h 7 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
55,642
Total Labor Force
32,994
Unemployment Rate
2.79%
Median Household Income
$67,639
Warehouse Employees
8,445
High School Education Or Higher
92.80%
$ values in USD
PROPERTY TAXES
| Parcel Number | 141-0715-0733-017 | Improvements Assessment | £1,077,437 |
| Land Assessment | £165,447 | Total Assessment | £1,242,884 |
SALE ADVISOR
SALE ADVISOR
Chris Caulum, Vice President, Commercial Brokerage
(608) 444-1911
Contact
Mr. Caulum specializes in office, industrial and development properties and provides an array of corporate real estate services including brokerage, site selection, financial analysis, and development consulting. In addition to serving the needs of several family offices, recent clients include DTE Energy, Foundation Building Materials, Interstate Partners, Laird Plastics, Likewise Partners, The Morgridge Institute for Research, North Central Group, Riddell Sports Group, Weir Minerals and the Wisconsin Medical Society.
Chris believes in ‘win-win’ outcomes while successfully advocating for his clients to capitalize on opportunities in the marketplace. This approach has led to consistent recognition for his work, including 13 "Deal of the Year" awards by the Commercial Brokers Group of Madison from 2012 to present along with being a perennial CoStar Power Broker in both industrial and office for the Madison area.
Chris believes in ‘win-win’ outcomes while successfully advocating for his clients to capitalize on opportunities in the marketplace. This approach has led to consistent recognition for his work, including 13 "Deal of the Year" awards by the Commercial Brokers Group of Madison from 2012 to present along with being a perennial CoStar Power Broker in both industrial and office for the Madison area.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Pace Zambito
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
