Investment Opportunity | 840 Bear Paw Avenue | Rice Lake, WI
Positioned in one of Rice Lake’s premier medical corridors, 840 Bear Paw Avenue presents an exceptional opportunity to acquire a newer construction, single-tenant Absolute-NNN leased investment backed by a long-term healthcare tenant. Constructed in 2018, this purpose-built medical facility is home to Smiles in Motion Pediatric Dentistry and Kristo Orthodontics, two well-established providers serving the greater northwest Wisconsin market.
The property is offered at an attractive 7.00% capitalization rate and is secured by a lease running through May 31, 2031, with two (2) additional five-year renewal options, providing investors with long-term income stability and future upside. The lease is structured as an absolute triple net (NNN) lease, creating a truly passive investment with zero landlord responsibilities for taxes, insurance, maintenance, or capital expenditures.
With modern construction, a mission-critical healthcare use, and a highly desirable lease structure, this asset offers the ideal combination of dependable cash flow, zero landlord responsibilities, and long-term security. Opportunities to acquire newer medical properties with absolute NNN leases are increasingly rare, making 840 Bear Paw Avenue an outstanding addition to any investment portfolio.