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2789 22nd St

4,462 SF 100% Leased Retail Building Rice Lake, WI 54868 £1,603,000 (£359/SF) 8% Net Initial Yield

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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.
The property generates strong revenues from the sale of live bait & tackle, groceries, beer, liquor, RV parts, batteries, fresh food, and more.

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. Property financials available for review.
Fee Simple ownership structure may allow for bonus depreciation benefits. Consult with a tax professional.

Executive Summary

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

Property Type

Retail

Building Size

4,462 SF

Year Built/Renovated

1998/2022

Price

£1,603,000

Price Per SF

£359

Net Initial Yield

NOI

£128,240

Percent Leased

100%

Number of Floors

This feature is unavailable at the moment.