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106 W Oak St 30,700 SF Retail Building Boscobel, WI 53805 $1,630,000 ($53.09/SF) 6.53% Cap Rate
Investment Highlights
- Single-tenant Piggly Wiggly grocery store encompassing 30,700 square feet on a 2.1-acre parcel.
- Long-term lease in place through June 2031, backed by a corporate guarantee for added security.
- Located in a high-performing market with strong store sales and solid community presence.
- Positioned as the only grocery store in Boscobel, ensuring consistent demand and minimal competition.
- Generates a net operating income of $106,400 annually, offering reliable cash flow for investors.
- Offered at $1,630,000, presenting an affordable investment with a stable and essential retail tenant.
Executive Summary
This Boscobel Piggly Wiggly is a 30,700 square foot building sitting on a 2.1 acre lot. It is located in a well suited, high performing area with strong store sales and features limited competition as it is the only grocery store in Boscobel. Building Size: 30,700 sq. ft.; Land Size: 2.1 acres; NOI: $106,400; Piggly Wiggly lease term is 10 years; Lease expiration: 6/30/31; Corporate guarantees; Sale Price: $1,630,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
30,700 SF
Building Class
C
Year Built
2009
Price
$1,630,000
Price Per SF
$53.09
Cap Rate
6.53%
NOI
$106,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
2.10 AC
Zoning
G2 - General Commercial District
Frontage
267’ on West Oak Street
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $775,600 | |
| Land Assessment | $169,500 | Total Assessment | $945,100 |
Property Taxes
Parcel Numbers
Land Assessment
$169,500
Improvements Assessment
$775,600
Total Assessment
$945,100
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106 W Oak St
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