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23938467
23938468

1012 N 8th St, Medford, WI 54451

CH
WI WI 56667
Caleb Hayes Enterprises
BV
CA 02027430
Hanley Investment Group
JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by Caleb Hayes Enterprises, Hanley Investment Group
$527,500
355 days on market
Updated 81 days ago

Maurices | Medford, WI

Details
APN 251-01784-1504
Property Type Retail
Sub Type Storefront
Square Footage 5,005
Net Rentable (SqFt) 5,005
Cap Rate 9.25%
NOI $48,799
Occupancy 100%
Tenancy Single
Lease Term 16
Lease Expiration 07/31/2027
Remaining Term 1.2
Rent Bumps Yes
Lease Options Three 3-year
Broker Co-Op Yes
Year Built 2011
Buildings 1
Stories 1
Acreage 1.960
Lease Commencement 08/01/2011

High-Yield Single-Tenant Investment | 14-Year Operating History

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Maurices_Medford

Investment highlights

  • Single-Tenant Maurices Pad to Walmart Supercenter:

    • Recently extended corporate lease with minimal landlord responsibilities

    • Three 3-year options remaining with scheduled rent increases

    • 5,005 sq. ft. building on large 1.96 acre lot

    • Maurices has over 800 locations across the U.S.

  • Near-Term Upside Opportunity: 8.62% cap rate with scheduled rent increase in 2027; percentage rent allows for additional NOI that is not being capitalized

  • Proven Track Record at This Location: Maurices has been operating at the site for 14 years; reported sales support a healthy rent-to-sales ratio (contact Broker for details)

  • Ideal Exposure Along North Eighth Street with Strong Regional Draw: The primary retail corridor for Medford and 1.3 million annuals visits to the center from customers in a 50-mile radius (Placer.ai)

    • Nearby tenants include Culver’s, McDonald’s, O’Reilly Auto Parts, Taco Bell, KFC, Tractor Supply

  • Desirable Northcentral Wisconsin Market: Medford is ranked among the best places to live in Wisconsin and has been ranked in the top 10 most desirable places to live by USA Today

Listing Contacts

CH
WI WI 56667
Caleb Hayes Enterprises
BV
CA 02027430
Hanley Investment Group
JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by Caleb Hayes Enterprises, Hanley Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,799.00
$4,066.58/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

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Additional Information

Name
Caleb Hayes
License
WI 56667
Brokerage Phone
920-632-7702
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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