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N64W22622-N64W22694 Main St 20,000 SF 100% Leased Retail Building Sussex, WI 53089 $2,550,000 ($127.50/SF) 8.25% Cap Rate



Executive Summary
- 8.25% going-in cap rate at the $2.55 million asking price, supported by approximately $210,568 of 2026 NOI.
- Value-add upside through below-market rents and annual contractual increases, providing a clear path for future NOI growth as leases roll.
- Potential ±0.75-acre Main Street outlot creation, offering an additional avenue for value creation, complemented by a newly replaced parking lot and monument sign completed in Summer of 2025.
Property Facts
Amenities
- Banking
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dane Allen-State Farm Insurance Agent
- Finance and Insurance
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- -
- -
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- Fitness Revolution Sussex
- Arts, Entertainment, and Recreation
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Mattress By Appointment is a mattress store that offers their customers one on one attention while shopping for a new mattress. They eliminate the crowded store, the waiting for a sales staff to help, and the pressure to buy. While these are AMAZING benefits, they also offer their customers 50-80% off of the big box retail store prices. They can do this because they are by appointment and save on staffing. They keep their advertising low by building a relationship with the Wilson community directly. You will see their road signs and flyers at your library, apartment complexes, grocery store and many more of your local daily shops. These savings we pass to their customers. Their store has a BRAND new mattress that fits ANY budget. They also offer financing and delivery.
- OnYourMark
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- Triple Net
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- Sparklers Dance Team
- Services
- -
- $6.50
- Full Service
- Feb 2025
Subway began in Bridgeport, Connecticut, as a submarine sandwich shop started by Fred DeLuca and Peter Buck in the mid-1960s, and the brand later expanded through franchising. The company now focuses on made-to-order sandwiches alongside salads, wraps, cookies, and other menu items served through a broad franchise system. Subway has grown into a globally recognized restaurant brand with a large international footprint and a long-standing emphasis on quick-service meals and customizable menu choices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dane Allen-State Farm Insurance Agent | Finance and Insurance | - | - | - | - | |
| Fitness Revolution Sussex | Arts, Entertainment, and Recreation | - | - | - | - | |
|
Retailer | - | - | - | - | |
| OnYourMark | - | - | - | Triple Net | - | |
| Sparklers Dance Team | Services | - | $6.50 | Full Service | Feb 2025 | |
|
Accommodation and Food Services | - | - | - | - |
Property Taxes
| Parcel Number | SUXV-0239-994-004 | Improvements Assessment | $1,234,500 |
| Land Assessment | $457,500 | Total Assessment | $1,692,000 |
