1400 Ihm St - Retail FOR SALE


Lancaster, WI 53813
$905,000 USD
608-445-2384
1400 Ihm St, Lancaster, WI for Sale
$905,000 USD
Retail - FOR SALE
1/3
null | 8.5% Cap Rate

1400 Ihm St
Lancaster, WI 53813


OVERVIEW

Well-maintained NN leased standalone building occupied by Dollar General in Lancaster, Wisconsin. Dollar General has successfully operated at this location since 2005 and is currently in Option #3 of (5) separate 5-year renewal options. The current lease term expires on March 31, 2030, with two (2) additional 5-year extension options remaining. Rent increases by 10% upon the execution of each renewal option.

FOR SALE DETAILS

PRICE

$905,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,208 SF

ZONING

Commercial

APN/PARCEL ID

246-01530-0040

ASK ABOUT THIS PROPERTY

Carson BrewerAltus Commercial Real EstateMore Info
608-445-2384

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Carson BrewerAltus Commercial Real EstateMore Info
608-445-2384

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