80 E Park Ave - Retail FOR SALE


Kiel, WI 53042
$300,000 USD
801-404-5280
80 E Park Ave, Kiel, WI for Sale
$300,000 USD
Retail - FOR SALE
1/1
null | 6.52% Cap Rate

80 E Park Ave
Kiel, WI 53042


OVERVIEW

Offered is a 10.38% undivided interest in a property held as Tenants in Common (TIC). The interest generates $19,569.72 in annual net income. The asset is under an absolute triple net lease through December 31st 2029, with 2 5-year renewal options. Each option includes a 5% increase in rent. Long-term tenant who has occupied the premises since 1998. Property management is provided by Commerce Property Solutions.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

B

APN/PARCEL ID

051-895-003-017.00

ASK ABOUT THIS PROPERTY

Mitch ArmstrongCommerce Property SolutionsMore Info
801-404-5280

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Mitch ArmstrongCommerce Property SolutionsMore Info
801-404-5280

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