2789 22nd St - Service Station FOR SALE


Rice Lake, WI 54868
$2,000,000 USD
972-366-6926
2789 22nd St, Rice Lake, WI for Sale
$2,000,000 USD
Service Station - FOR SALE
1/3
null | 8% Cap Rate

2789 22nd St
Rice Lake, WI 54868


HIGHLIGHTS

  • Absolute NNN Portfolio Sale-Leaseback – Properties Available as a Portfolio or Individually.
  • Lease is personally guaranteed by a high net worth, experienced gas station operator with a large and growing real estate portfolio (60+ properties).
  • The operator’s team has extensive experience operating gas stations throughout the Midwest, with 130+ stores currently under management.
  • Property has consistently reported increased revenue annually. Property financials available for review.
  • The property generates strong revenues from the sale of live bait & tackle, groceries, beer, liquor, RV parts, batteries, fresh food, and more.
  • Fee Simple ownership structure may allow for bonus depreciation benefits. Consult with a tax professional.

OVERVIEW

Matthews Real Estate Investment Services™ presents the exclusive listing of 6 absolute NNN gas stations for a large, experienced gas station operator based in the Midwest. These properties exhibit healthy performance ratios, and present an exciting opportunity for passive investors looking for high returns with annual rent increases from a successful operator. Additionally, each property has seen consistent increases in revenue year over year since changing ownership. Lease Term: 20 Years (Commences on Close of Escrow) Annual Rent Increases: 1.5% Lease Type: Absolute NNN (Zero Landlord Responsibilities) 2789 22nd St, Rice Lake, WI - $2,000,000 2671 27th St, Mikana, WI - $800,000 612 Dallas St, Chetek, WI - $1,600,000 425 3rd St, Cornell, WI - $900,000 23150 Whitehall Rd, Independence, WI - $1,050,000 35194 Diagonal St, Independence, WI - $850,000 Matt Fitzgerald License No. 938105-91 (WI) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northwoods Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.41 AC

LAND SF

148,540 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kevin SugavanamMatthews Real Estate Investment ServicesMore Info
972-366-6926

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Kevin SugavanamMatthews Real Estate Investment ServicesMore Info
972-366-6926

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