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Midwest Dental- Portage 2570 New Pinery Rd 2,890 SF Office Building Portage, WI 53901 $550,000 ($190.31/SF) 7.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Net Lease
- National Credit user
EXECUTIVE SUMMARY
Rare single-tenant net lease medical office investment opportunity. The property is leased to Midwest Dental, a long-standing full-service dental practice backed by Smile Brands. The 2,890± SF building, built in 2009, sits on 0.77 acres with excellent monument signage and ample on-site parking (19 spaces). Tenant is responsible for expenses direct under an NNN lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,890 SF
Building Class
C
Year Built/Renovated
2009/2016
Price
$550,000
Price Per SF
$190.31
Cap Rate
7.22%
NOI
$39,690
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,890 SF
Building FAR
0.10
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
B1 - Business District
Parking
19 Spaces (6.57 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 11271-2478.A | Improvements Assessment | $438,500 |
| Land Assessment | $106,200 | Total Assessment | $544,700 |
PROPERTY TAXES
Parcel Number
11271-2478.A
Land Assessment
$106,200
Improvements Assessment
$438,500
Total Assessment
$544,700
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Midwest Dental- Portage | 2570 New Pinery Rd
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