109 N 28th St E - Medical FOR SALE
Superior, WI 54880 |
$10,005,000 USD
818-522-4497
109 N 28th St E
Superior, WI 54880
HIGHLIGHTS
- Investment Grade Credit: This is a corporate lease with Aspirus Health (S&P:AA-) parent company, offering a full backstop of the lease obligations
- Dominant Regional Health System: Headquartered in Wausau, WI, Aspirus Health (S&P: AA-) is a dominant healthcare network operating 18 hospitals
- Absolute NNN Lease Structure: The tenant is responsible for all property expenses, including roof and structure
- Aggressive Rent Growth: The lease features 3.00% annual rental increases, providing superior income growth.
- Stable Long-Term Yield: With just under 7 years of term remaining, the asset offers durable and predictable cash flow from a “sticky” medical tenant.
- Favorable Demographics: According to the U.S. Census Bureau, Superior has a favorable population
FOR SALE DETAILS
PRICE
$10,005,000 USD
PRICE/SF
$323 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Aspirus St. Luke’s Superior Clinic
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,284 SF
ZONING
C3
APN/PARCEL ID
02-802-07098-15
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
818-522-4497
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
818-522-4497
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
