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2306 Humes Rd 2,560 SF Retail Building Janesville, WI 53545 $1,195,000 ($466.80/SF) 6.45% Cap Rate
Investment Highlights
- High-Traffic Interstate Corridor
- Strong & Stable Demographics
- Major Capital Investment
- Secure NNN Lease
- Epicenter of Regional Retail
- Major Area Infrastructure
Executive Summary
Centennial Advisers brings to market 2306 Humes Road in Janesville, a rare absolute NNN investment opportunity positioned along one of the city’s most active and sought-after commercial corridors. This single-tenant Jiffy Lube facility offers an exceptional combination of frontage, functionality, and long-term value at an attractive price of $1,195,000 (6.5% Cap Rate).
With exposure to 26,500 daily vehicles along Humes Road, the property delivers outstanding visibility and seamless access to major transportation routes—ideal for businesses that thrive on customer traffic and high street presence.
Benefiting from a 2018 renovation, the single-story structure features over $200,000 in structural improvements, specialized automotive buildout, and an explicitly commercial zoning suitable for quick lube operations. Located in a highly trafficked retail node near a 627,000-square-foot regional mall, the site benefits from steady consumer activity, while the nearby Interstate 39/90 interchange provides exceptional regional connectivity to a dense residential and employment base.
Backed by a Heartland Automotive Services II, Inc. guarantee and 2% annual rent increases over the remaining 7-year term, the property offers a dependable platform for long-term occupancy and continued income growth.
2306 Humes Road stands out as a compelling opportunity for an investor seeking a centrally located, high-visibility asset with both immediate cash flow and strong future upside in a growing Janesville market.
With exposure to 26,500 daily vehicles along Humes Road, the property delivers outstanding visibility and seamless access to major transportation routes—ideal for businesses that thrive on customer traffic and high street presence.
Benefiting from a 2018 renovation, the single-story structure features over $200,000 in structural improvements, specialized automotive buildout, and an explicitly commercial zoning suitable for quick lube operations. Located in a highly trafficked retail node near a 627,000-square-foot regional mall, the site benefits from steady consumer activity, while the nearby Interstate 39/90 interchange provides exceptional regional connectivity to a dense residential and employment base.
Backed by a Heartland Automotive Services II, Inc. guarantee and 2% annual rent increases over the remaining 7-year term, the property offers a dependable platform for long-term occupancy and continued income growth.
2306 Humes Road stands out as a compelling opportunity for an investor seeking a centrally located, high-visibility asset with both immediate cash flow and strong future upside in a growing Janesville market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,560 SF
Building Class
C
Year Built/Renovated
2001/2018
Price
$1,195,000
Price Per SF
$466.80
Cap Rate
6.45%
NOI
$77,030
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.35 AC
Zoning
B4
Parking
11 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 021-8300087 | Improvements Assessment | $926,900 |
| Land Assessment | $196,700 | Total Assessment | $1,123,600 |
Property Taxes
Parcel Number
021-8300087
Land Assessment
$196,700
Improvements Assessment
$926,900
Total Assessment
$1,123,600
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2306 Humes Rd
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