Cedar Lake Market | 2671 27th St
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Cedar Lake Market 2671 27th St
3,412 SF Retail Building Mikana, WI 54857 £641,200 (£188/SF) 8% Net Initial Yield
Investment Highlights
- Absolute NNN Portfolio Sale-Leaseback – Properties available as a portfolio or individually.
- The operator’s team has extensive experience operating gas stations throughout the Midwest, with 130+ stores currently under management.
- This property benefits from a wide variety of offerings, including gas, groceries, fresh food & coffee, beer, liquor, bait & tackle, and a game room.
- Lease is personally guaranteed by a high net worth, experienced gas station operator with a large and growing real estate portfolio (60+ properties).
- Property has consistently reported increased revenue annually. Financials available for review.
- Fee Simple ownership structure may allow for bonus depreciation benefits. Consult with a tax professional.
Executive Summary
Matthews Real Estate Investment Services™ presents the exclusive listing of 6 absolute NNN gas stations for a large, experienced gas station operator based in the Midwest. These properties exhibit healthy performance ratios, and present an exciting opportunity for passive investors looking for high returns with annual rent increases from a successful operator. Additionally, each property has seen consistent increases in revenue year over year since changing ownership.
Lease Term: 20 Years (Commences on Close of Escrow)
Annual Rent Increases: 1.5%
Lease Type: Absolute NNN (Zero Landlord Responsibilities)
2789 22nd St, Rice Lake, WI - $2,000,000
2671 27th St, Mikana, WI - $800,000
612 Dallas St, Chetek, WI - $1,600,000
425 3rd St, Cornell, WI - $900,000
23150 Whitehall Rd, Independence, WI - $1,050,000
35194 Diagonal St, Independence, WI - $850,000
Matt Fitzgerald
License No. 938105-91 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Lease Term: 20 Years (Commences on Close of Escrow)
Annual Rent Increases: 1.5%
Lease Type: Absolute NNN (Zero Landlord Responsibilities)
2789 22nd St, Rice Lake, WI - $2,000,000
2671 27th St, Mikana, WI - $800,000
612 Dallas St, Chetek, WI - $1,600,000
425 3rd St, Cornell, WI - $900,000
23150 Whitehall Rd, Independence, WI - $1,050,000
35194 Diagonal St, Independence, WI - $850,000
Matt Fitzgerald
License No. 938105-91 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,412 SF
Building Class
B
Year Built/Renovated
2006/2022
Price
£641,200
Price Per SF
£188
Net Initial Yield
8%
NOI
£51,296
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.70 AC
Zoning
Commercial
Frontage
98 ft on 27th Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £467,194 | |
| Land Assessment | £57,868 | Total Assessment | £525,063 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£57,868
Improvements Assessment
£467,194
Total Assessment
£525,063
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Cedar Lake Market | 2671 27th St
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