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Create Salon 432 Prospect Ave 5,670 SF Retail Building North Fond Du Lac, WI 54937 $450,000 ($79.37/SF) 8.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Passive Investment Opportunity
- 10 Years of Previous Success!
- 5 Year Lease Extension
EXECUTIVE SUMMARY
Attention Commercial Investors! A well known Salon & Spa tenant that's already had 10 Successful Years has just agreed to a 5 Year Lease Extension that will result in an 8.12 Cap Rate starting November 1st! The property is in Great Condition and is located on Prospect Ave which is a Main Thoroughfare in North Fond du Lac. The Landlord has minimal responsibilities making this a very passive investment. The tenant pays all utilities and maintains all interior contents/fixtures. This property consists of 5 adjacent parcels totaling almost an Acre and has plenty of paved parking. The corner parcel is buildable as a future development as well which adds plenty of value to this investment. Call now for more information and lock in the Cash Flow!
(All Salon Equipment/Furniture/Fixtures belongs to tenant. The rear alley is owned by the Village but maintained by owner.)
(All Salon Equipment/Furniture/Fixtures belongs to tenant. The rear alley is owned by the Village but maintained by owner.)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,670 SF
Building Class
C
Year Built/Renovated
1996/2015
Price
$450,000
Price Per SF
$79.37
Cap Rate
8.12%
NOI
$36,555
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.94 AC
Zoning
B-1 - Business District General
Parking
45 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
300’ on Prospect Ave
AMENITIES
- Corner Lot
- Pylon Sign
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Create Salon
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Create Salon | Services | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $372,700 | |
| Land Assessment | $56,000 | Total Assessment | $428,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$56,000
Improvements Assessment
$372,700
Total Assessment
$428,700
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Create Salon | 432 Prospect Ave
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