1012 N 8th St - Freestanding FOR SALE
Medford, WI 54451 |
$610,000 USD
949-585-7610
1012 N 8th St
Medford, WI 54451
HIGHLIGHTS
- Single-Tenant Maurices Pad to Walmart Supercenter
- Recently Extended Corporate Cease With Minimal Landlord Responsibilities
- Three 3-Year Options Remaining With Scheduled Rent Increases
- Near-Term Upside Opportunity: 8.62% cap rate with scheduled rent increase in 2027; percentage rent allows for additional NOI
- Proven Track Record at This Location: Maurices has been operating at the site for 14 years; reported sales support a healthy rent-to-sales ratio
- Ideal Exposure Along North Eighth Street with Strong Regional Draw
FOR SALE DETAILS
PRICE
$610,000 USD
PRICE/SF
$122 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Maurices | Medford, WI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.96 AC
LAND SF
85,378 SF
ZONING
-
APN/PARCEL ID
251-01784-1504
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949-585-7610
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949-585-7610
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