2200 Plover Rd - Distribution FOR SALE


Plover, WI 54467
$2,130,000 USD
407-406-3187
2200 Plover Rd, Plover, WI for Sale
$2,130,000 USD
Distribution - FOR SALE
1/5
null | 8.45% Cap Rate

2200 Plover Rd
Plover, WI 54467


HIGHLIGHTS

  • 10-Year Lease with Strong National Tenant: Recently extended lease with US LBM Holdings, LLC, a leading building materials distributor with 400+ loc
  • Attractive Net Lease Structure: Minimal landlord responsibilities, ensuring a low-maintenance investment. Landlord roof expense capped at $50,000
  • Long-Standing Site History and Tenant Commitment: The property originally opened as a lumber yard store in March 1968
  • Since 2009 US LBM has been leasing the property demonstrating a 15-year historical tenancy and reinforcing the tenant’s long-term commitment
  • Ample Laydown Yard: The property features a large 8.75-acre parcel zoned M1 (Light Industrial/Manufacturing), offering flexibility for future uses

OVERVIEW

STNL | Industrial Outdoor Storage | US LBM | Preferred Real Estate Brokers is pleased to present an exclusive opportunity to purchase a US LBM Industrial Investment Property located in Plover, WI. This is a single-tenant net lease industrial investment property with outdoor storage 100% leased to US LBM. The property has ample space for US LBM who one of the largest building material suppliers in the nation and made recent improvements to the property demonstrating their long-term commitment to the site. With a history of being a lumber yard and a new 10-year lease, this property is positioned for continued success. The property is well located in a stable market with excellent regional access. This is an attractive industrial investment property with a strong national tenant.

FOR SALE DETAILS

PRICE

$2,130,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

8.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.75

LAND SF

381,150

ZONING

M-1

APN/PARCEL ID

173-23-0822-16.16

ASK ABOUT THIS PROPERTY

Mark WilliamsPreferred Real Estate BrokersMore Info
407-406-3187

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Mark WilliamsPreferred Real Estate BrokersMore Info
407-406-3187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.