840 Bear Paw Ave - Medical FOR SALE


Rice Lake, WI 54868
$1,800,000 USD
715-495-2785
840 Bear Paw Ave, Rice Lake, WI for Sale
$1,800,000 USD
Medical - FOR SALE
1/37
null | 7.02% Cap Rate

840 Bear Paw Ave
Rice Lake, WI 54868


HIGHLIGHTS

  • 7.00% Cap Rate | Absolute Triple Net (NNN) Investment with zero landlord responsibilities, delivering truly passive ownership.
  • Long-Term Medical Tenant occupied by Smiles in Motion Pediatric Dentistry & Kristo Orthodontics, with lease secured through May 31, 2031.
  • Modern Medical/Dental Facility constructed in 2018, purpose-built for healthcare use with contemporary finishes and minimal future capital needs.
  • Stable Investment Property featuring an absolute NNN lease structure.
  • Premier Rice Lake Healthcare Location surrounded by established medical & professional users, providing excellent long-term real estate fundamentals.
  • Turn-Key Net Lease Opportunity combining medical, dental, NNN, investment property, passive income, and long-term lease attributes.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smiles In Motion and Kristo Orthodontics

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Hospital

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

-

APN/PARCEL ID

276-5002-88-000

ASK ABOUT THIS PROPERTY

Amber CernohousUltra Commercial RealtyMore Info
715-495-2785

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Amber CernohousUltra Commercial RealtyMore Info
715-495-2785

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