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Maurices | Medford, WI 1012 N 8th St 5,005 SF Retail Building Medford, WI 54451 $527,500 ($105.39/SF) 9.25% 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
High-Yield Single-Tenant Investment | 14-Year Operating History | Recent Lease Extension
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,005 SF
Building Class
C
Year Built
2011
Price
$527,500
Price Per SF
$105.39
Cap Rate
9.25%
NOI
$48,794
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.96 AC
Zoning
C - Commercial
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $10.50
- Modified Gross
- Nov 2021
Maurices began in 1931 when E. Maurice Labovitz opened the first store in Duluth, Minnesota, and the business has since grown into an American women's clothing retail chain. The company focuses on women's apparel and related categories, including jeans, tops, dresses, footwear, jewelry, and accessories, with inclusive sizing from 0 to 24. Maurices serves customers through a wide network of hometown-focused retail locations across the United States and Canada, while also supporting e-commerce and a broader omnichannel shopping experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $10.50 | Modified Gross | Nov 2021 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 251-01784-1504 | Improvements Assessment | $391,500 |
| Land Assessment | $110,400 | Total Assessment | $501,900 |
Property Taxes
Parcel Number
251-01784-1504
Land Assessment
$110,400
Improvements Assessment
$391,500
Total Assessment
$501,900
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Videos
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Photos
Street View
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Map
Contact the Sale Advisor
Maurices | Medford, WI | 1012 N 8th St