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2216 University Ave
Madison, WI 53726
University Location | Corporate 7-Eleven · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Service Station
Building Size
3,819 SF
Building Class
C
Year Built/Renovated
1989/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.59 AC
Zoning
TSS - Traditional Shopping Street
Parking
17 Spaces (4.45 Spaces per 1,000 SF Leased)
Frontage
62’ on Walnut Street

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection

ABOUT 2216 UNIVERSITY AVE , MADISON, WI 53726

STRONG, SECURE TENANT AND LEASE Rare 1.50% annual rental increases every 5 years during initial terms and options – great hedge against inflation Over 7.5 years remaining on the initial term of the lease during which an investor will see an average return of ±5.51% LOCATION Signalized corner location off University Ave & Walnut St, which have a combined traffic count of ±37,200 VPD at the intersection where the site is located; one block from Campus Dr which boasts approximately ±37,400 VPD University Location – located a couple blocks from the University of Wisconsin - Madison which has over 45,000 total students enrolled. Also located in proximity to Edgewood College which has approximately 2,650 total students enrolled Consistent growth: population has grown over 8% in the 3 and 5-mile radius since 2010

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0709-222-0501-2
Land Assessment
$800,000
Improvements Assessment
$2,200,000
Total Assessment
$3,000,000
  • Listing ID: 18041119

  • Date on Market: 12/26/2019

  • Last Updated:

  • Address: 2216 University Ave, Madison, WI 53726

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