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2789 22nd St

4,462 SF 100% Leased Retail Building Rice Lake, WI 54868 $2,872,900 CAD ($644 CAD/SF) 8% Cap Rate

Retail Space Wisconsin Rice Lake 2789 22nd St, Rice Lake, WI 54868

Investment Highlights

  • Absolute NNN Portfolio Sale-Leaseback – Properties Available as a Portfolio or Individually.
  • The operator’s team has extensive experience operating gas stations throughout the Midwest, with 130+ stores currently under management.
  • The property generates strong revenues from the sale of live bait & tackle, groceries, beer, liquor, RV parts, batteries, fresh food, and more.
  • Lease is personally guaranteed by a high net worth, experienced gas station operator with a large and growing real estate portfolio (60+ properties).
  • Property has consistently reported increased revenue annually. Property financials available for review.
  • Fee Simple ownership structure may allow for bonus depreciation benefits. Consult with a tax professional.

Executive Summary

Matt Fitzgerald
License No. 938105-91 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
4,462 SF
Year Built/Renovated
1998/2022
Price
$2,872,900 CAD
Price Per SF
$644 CAD
Cap Rate
8%
NOI
$229,832 CAD
Percent Leased
100%
Building Height
1 Story

Links

1 of 1
(972) 366-6926

Contacts

  • Listing ID: 34402969

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 2789 22nd St, Rice Lake, WI 54868

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2789 22nd St
(972) 366-6926 x

2789 22nd St

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Kevin Sugavanam

(972) 366-6926

(972) 366-6926

Lee Cordova

(214) 692-2191

(214) 692-2191

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