2418 Lake Shore Drive East, Ashland, WI, 54806 - Available for Sale

Retail For Sale

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Newer Maurices next to 24 Hour WalMart!

2418 Lake Shore Drive East, Ashland, WI 54806

$1,100,500

5,005 SF | Retail

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Retail Property For Sale

Price:
$1,100,500
Building Size:
5,005 SF
Price/SF:
$219.88
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Street Retail
Retail Pad
Anchor
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
7.50%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2012
Lot Size:
1.44 AC
Listing ID
18580182
Last Updated
4 days ago

Find Out More...

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

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.

Financial Summary

  • Actual
  • 2014
  • $82,582

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

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Asking Price Index Trends for Ashland, WI Retail For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
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State
$79+1.3%+3.6%

View Ashland Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 2/25/2014
Newer Maurices next to 24 Hour WalMart!
  • Retail
  • $1,100,500
  • 5,005 SF