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| Price $2,198,296 | Built/Renov 1980/2023 | Tenant SQRL |
| Cap Rate 7.75% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
1,727
| Lease Start
09-01-2022
| #Units
139
|
| Price/SF $1,272.90 | Expiration
09-30-2042
| Tenant Type Convenience/Gas |
| NOI $170,368 | R. Term 17.5 | Ownership Fee Simple |
| Rent/SF
$98.65
| Increases 2.0%/1/yrs | Pop 5Mi 12,119 |
| Lot/AC 0.38 | Options 4/5yrs/2% | AHHI 5Mi $74,500 |
| | |
This 1,727 square foot SQRL is strategically located along East Main Street (Hwy 23) which sees roughly 13,500 VPD. The property is in Reedsburg which is a small town in central Wisconsin that has seen a resurgence in the downtown retail business. It's one of the main draws for Wisconsin residents for 50 miles. A 100+ unit apartment complex was recently constructed about 2 blocks from the...
...Signalized intersection
Recent renovation
Hard corner intersection
Highway location
Strong tenant synergy
Brand new lease
Long 15+ yr lease
Absolute NNN
Annual rent increases
Over 1000 units backed
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,692 | 11,521 | 13,390 |
| 2023 Total Population : | 5,663 | 11,346 | 13,197 |
| 2023 Employed Civilian Pop : | 2,965 | 5,997 | 7,024 |
| 2023 Total Businesses : | 293 | 516 | 543 |
| 2023 Average Household Income : | $ 85,379 | $ 85,920 | $ 87,911 |
| 2023 Total Consumer Spending : | $ 181 M | $ 350 M | $ 412 M |
| 2023 Median Age : | 38 | 39 | 40 |
| 2023 Total Households : | 2,452 | 4,724 | 5,414 |
| 2023 Pop Age 25+: Bachelor's Degree : | 445 | 1,093 | 1,284 |
| 2023 Average Home Value : | $ 227,131 | $ 234,981 | $ 247,563 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| South Park Street | Vine St | 2021 | 1,300 | 0.03 mi |
| East Main Street | N PkSt | 2021 | 13,000 | 0.03 mi |
| Vine Street | S Walnut St | 2021 | 750 | 0.07 mi |
| E Main St | N Pine St | 2017 | 13,000 | 0.09 mi |
| South Walnut Street | Vine St | 2021 | 390 | 0.10 mi |
| N Walnut St | S Walnut St | 2017 | 810 | 0.11 mi |
| E Main St | N PkSt | 2017 | 10,500 | 0.12 mi |
| East Main Street | Laurel St | 2021 | 14,100 | 0.15 mi |
| E Main St | Myrtle St | 2017 | 13,900 | 0.17 mi |
| South Webb Avenue | Railroad St | 2021 | 2,300 | 0.20 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
