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1400 Ihm St 9,014 SF Retail Building Lancaster, WI 53813 $905,000 ($100.40/SF) 8.50% Cap Rate
Executive Summary
Well-maintained NN leased standalone building occupied by Dollar General in Lancaster, Wisconsin. Dollar General has successfully operated at this location since 2005 and is currently in Option #3 of (5) separate 5-year renewal options. The current lease term expires on March 31, 2030, with two (2) additional 5-year extension options remaining. Rent increases by 10% upon the execution of each renewal option.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,014 SF
Building Class
C
Year Built
2005
Price
$905,000
Price Per SF
$100.40
Cap Rate
8.50%
NOI
$76,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.88 AC
Zoning
Commercial
Somewhat walkable
30/100
Exceptionally drivable
90/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 246-01530-0040 | Improvements Assessment | $683,400 |
| Land Assessment | $50,000 | Total Assessment | $733,400 |
Property Taxes
Parcel Number
246-01530-0040
Land Assessment
$50,000
Improvements Assessment
$683,400
Total Assessment
$733,400
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1400 Ihm St
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