Your email has been sent.
Maurices | Medford, WI 1012 N 8th St 5,005 SF Retail Building Medford, WI 54451 $542,000 ($108.29/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Maurices Pad to Walmart Supercenter
- Three 3-Year Options Remaining With Scheduled Rent Increases
- Proven Track Record at This Location: Maurices has been operating at the site for 14 years; reported sales support a healthy rent-to-sales ratio
- Recently Extended Corporate Cease With Minimal Landlord Responsibilities
- Near-Term Upside Opportunity: 8.62% cap rate with scheduled rent increase in 2027; percentage rent allows for additional NOI
- Ideal Exposure Along North Eighth Street with Strong Regional Draw
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $10.50
- Modified Gross
- Nov 2021
Maurices is an American women’s fashion retailer founded in 1931 by E. Maurice Labovitz in Duluth, Minnesota. The company began as a small dress shop and evolved into a specialty retailer focused on affordable, versatile apparel and accessories. Today, Maurices operates as a privately held company under the ownership of OpCapita, which acquired a majority stake in 2019. The brand serves customers primarily in small towns and suburban markets across the United States and Canada, offering inclusive sizing from 0 to 24. Maurices emphasizes casual and workwear styles through both brick-and-mortar stores and its e-commerce platform. Headquartered in Duluth, Minnesota, the company continues to maintain its hometown roots while expanding omnichannel capabilities.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $10.50 | Modified Gross | Nov 2021 |
PROPERTY TAXES
| Parcel Number | 251-01784-1504 | Improvements Assessment | $358,800 |
| Land Assessment | $110,400 | Total Assessment | $469,200 |
PROPERTY TAXES
Presented by
Company Not Provided
Maurices | Medford, WI | 1012 N 8th St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.