277 Industrial Dr 23,357 SF Industrial Building Columbus, WI 53925 $3,500,000 ($149.85/SF) 6.35% Cap Rate

277 Industrial Drive represents a rare single-tenant net lease investment opportunity in the growing community of Columbus, Wisconsin. Positioned on a generous nine-acre site within the B2 Highway Commercial district, the asset features a well-maintained steel construction facility built in 2006 with a total building size of 23,357 square feet. The property is fully occupied by Core & Main, Inc., one of the leading national distributors of water, wastewater, storm drainage, and fire protection infrastructure products. As a publicly traded company with hundreds of locations across the country, Core & Main provides a stable and credit-backed tenancy, operating this location as a mission-critical distribution hub. The tenant has invested more than $1.2 million in improvements to the property in 2025, further reinforcing long-term commitment to the site.
The asset delivers consistent cash flow supported by a NNN lease structure, generating an annual net operating income of $242,364 and offered at an asking price of $3,500,000, reflecting a competitive 6.35 percent cap rate. With a detailed rent schedule extending through multiple lease and option years, the property provides durable income and predictable future escalations. Ample parking capacity, broad site circulation, and industrial outdoor storage flexibility add operational value for the current tenant and potential future users.
Located within a business-friendly environment, the City of Columbus offers strong regional connectivity positioned less than 30 miles from Madison and situated at the convergence of five major state highways including 151, 73, 89, 16, and 60. This advantageous location supports efficient distribution across southern Wisconsin, complemented by access to Amtrak service, intercity bus networks, and a stable local labor force. The immediate trade area shows solid household incomes and steady population levels, creating an attractive environment for long-term industrial occupancy and investment stability.