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433 Broadway St S
Menomonie, WI 54751
Long Term Lease | No Rent Holiday | Ltd. Comp · Retail Property For Sale
EXECUTIVE SUMMARY
• Investment Grade Corporate Guarantee - This CVS lease has over 14 years of firm term before the next option with no rent holiday.
• Limited Drugstore Competition - This is only the CVS location for over 23 miles.
• Mayo Clinic Heath System - Less than 2 miles from the Mayo Clinic Health System - Red Cedar, which serves residents of Menomonie and surrounding cities like Eau Claire, Barron, Chippewa Falls and more.
• University of Wisconsin-Stout - Located less than 0.5 mile from the University of Wisconsin-Stout, a public university with approximately 7,000 students.
• New Multi-Family Development - Estover Terrace, a 13 building community consisting of 136 multi-family units, was recently completed and is located less than 2 miles from the subject property.
• Limited Drugstore Competition - This is only the CVS location for over 23 miles.
• Mayo Clinic Heath System - Less than 2 miles from the Mayo Clinic Health System - Red Cedar, which serves residents of Menomonie and surrounding cities like Eau Claire, Barron, Chippewa Falls and more.
• University of Wisconsin-Stout - Located less than 0.5 mile from the University of Wisconsin-Stout, a public university with approximately 7,000 students.
• New Multi-Family Development - Estover Terrace, a 13 building community consisting of 136 multi-family units, was recently completed and is located less than 2 miles from the subject property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,027 SF
Building Class
C
Year Built
2014
Price
$3,267,782
Price Per SF
$232.96
Cap Rate
6.63%
NOI
$216,516
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.40 AC
Zoning
B1
Parking
40 Spaces (2.85 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 1725122813263200050 | Improvements Assessment | $1,713,200 |
| Land Assessment | $177,200 | Total Assessment | $1,890,400 |
PROPERTY TAXES
Parcel Number
1725122813263200050
Land Assessment
$177,200
Improvements Assessment
$1,713,200
Total Assessment
$1,890,400
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