This property is Off-Market

2418 Lake Shore Drive East
Ashland, WI 54806 ·

5,005 SF · Retail For Sale

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Newer Maurices next to 24 Hour WalMart!

Price N/A Cap Rate 7.50%
Building Size 5,005 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Free Standing Bldg
More...
  • Street Retail
  • Retail Pad
  • Anchor
Year Built 2012
Property Use Type Net Lease Investment with 9 years left on lease Lot Size 1.44 AC
Listing ID: 18580182 Date Created: 02/25/2014 Last Updated: 08/14/2015

Description

This new Maurices clothing store is located on an over-sized 1.44 acre out parcel shadowed anchored by Walmart (Maurices has top name placement on corner pylon sign). This is a relocation store for Maurices, having moved from a smaller store under 1 mile away. This immediate commercial trade area includes: DQ, McDonald's, Burger King, O'Reillys, Walgreen's, Shopko, Sears and Auto Dealers.

Nestled along the south shore of Lake Superior' s Chequamegon Bay, the City of Ashland boasts a unique mix of historic charm and modern convenience. Ashland' s central location makes it an ideal jumping-off point for both the Apostle Islands National Lakeshore and southern Ashland County, home of Copper Falls State Park. Ashland offers four seasons of exceptional outdoor recreation. Winter brings anglers out in droves for ice fishing on the bay and the area' s many well-kept trails are a snowmobiler' s paradise. The region' s spectacular ice caves, are like no other spot on earth.

Highlights

  • Large 1.44 acre land and building next to 24 Hr. Walmart Supercenter
  • This is the relocation of a successful store!
  • 10 year lease started 2012, rent bumps in primary and option periods
  • Can be purchased with Maurices in Chadron, NE
  • Maurices: Founded in 1931 and now has over 920 locations in US & Canada
  • Parent company: Ascena Retail Group (NASDAQ: ASNA), S&P rated BB

Research

2418 Lake Shore Drive East, Ashland, WI 54806 (Ashland County)

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