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80 E Park Ave 24,245 SF Retail Building Kiel, WI 53042 $300,000 ($12.37/SF) 6.52% Cap Rate
Investment Highlights
- Long-term tenant who has occupied the premises since 1998.
- Property management is provided by Commerce Property Solutions.
Executive Summary
Offered is a 10.38% undivided interest in a property held as Tenants in Common (TIC). The interest generates $19,569.72 in annual net income. The asset is under an absolute triple net lease through December 31st 2029, with 2 5-year renewal options. Each option includes a 5% increase in rent.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
24,245 SF
Building Class
B
Year Built
1998
Price
$300,000
Price Per SF
$12.37
Cap Rate
6.52%
NOI
$19,570
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.81 AC
Zoning
B - Commercial Zoning
Parking
72 Spaces (2.97 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Piggly Wiggly Midwest
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Piggly Wiggly Midwest | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 051-895-003-017.00 | Improvements Assessment | $1,562,400 |
| Land Assessment | $137,100 | Total Assessment | $1,699,500 |
Property Taxes
Parcel Number
051-895-003-017.00
Land Assessment
$137,100
Improvements Assessment
$1,562,400
Total Assessment
$1,699,500
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Contact the Sale Advisor
80 E Park Ave