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25796209
25796230

2300 Highway 51 and 138, Stoughton, WI 53589 For Sale

DB
WI WI 52609-90
American Realtors
Listed by American Realtors
$5,900,000
349 days on market
Updated 87 days ago

SWAC

Details
APN 0511-063-4260-2
Property Type Retail, Office (+2)
Sub Type Storefront, Traditional Office (+6)
Square Footage 64,250
Units 7
Cap Rate 7.50%
NOI $440,808
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps No
Price per SqFt $7
Year Built 2007
Buildings 1
Stories 1
Acreage 4.820
Zoning PB
Parking Spaces 180 spaces
Parking per 1,000 SqFt 2.80
Investment Type Net Lease
Tenant Credit Credit Rated
Ownership SWAC LLC
Sale Condition For sale by owner

Retail | 7.50% CAP | 64,250 SqFt

Marketing description

Cap Rate of 7.5%! Stoughton Wellness and Athletic Center (SWAC), a premier Midwest athletic hub, sits on a 5-acre, high-visibility site in thriving Stoughton, WI. This 64,250 sq. ft. facility boasts a spacious lobby, elegant restrooms, and a 4-court gymnasium hosting 120,000+ annual participants through Sports Enhancement Academy’s volleyball and basketball leagues and 40+ tournaments. It houses the nation’s largest Anytime Fitness (2,000+ members), Stoughton Hospital, Famous Yeti’s Pizza, Basecamp Arcade, The Heights Banquet Hall and Stoughton Eye Care. With 179 parking stalls and an additional lot that could likely fit a 20-unit residential building with underground parking, this listing offers exceptional value at just over $90/sq. ft., including land and the additional buildable lot.

Investment highlights

  1. Attractive Cap Rate: Offered at a strong 7.5% cap rate.

  2. Large, Modern Facility: 64,250 sq. ft. multi-tenant wellness and athletic complex.

  3. High-Visibility Location: Situated on a 5-acre site at the intersection of Hwy 51 & 138 in thriving Stoughton, WI.

  4. Strong Tenant Mix & Stability:

    • Sports Enhancement Academy (SEA): Operates a 4-court gymnasium with 120,000+ annual participants and 40+ tournaments per year.

    • Anytime Fitness: Nation’s largest Anytime Fitness franchise with 2,000+ members.

    • Stoughton Hospital (medical services).

    • Famous Yeti’s Pizza, Basecamp Arcade, The Heights Banquet Hall, Stoughton Eye Care.

  5. Multiple Income Streams: Diverse tenant base across fitness, healthcare, dining, entertainment, and event space.

  6. Strong Community Anchor: SWAC is a premier Midwest athletic hub, drawing consistent traffic from both local and regional participants.

  7. Ample Parking: 179 surface stalls with excellent site accessibility.

  8. Additional Development Opportunity: Adjacent lot with potential to accommodate a 20-unit residential building with underground parking.

  9. Exceptional Value: Offered at just over $90 per sq. ft., inclusive of land and additional buildable lot.

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Listing Contacts

DB
WI WI 52609-90
American Realtors
Listed by American Realtors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$440,808.00
$36,734.00/mo

Valuation Metrics

0
DSCR
7.47%
Cap Rate
7.47%
ROI

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Additional Information

Name
David Baehr
License
WI 52609-90
Brokerage
American Realtors
Brokerage Phone
6082136686
Title
Real Estate Broker
Brokerage Address
202 West Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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