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28863879
28863880

433 Broadway St S, Menomonie, WI 54751 For Sale

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$3,267,782
221 days on market
Updated 41 days ago

WI CVS | Long Term Lease | No Rent Holiday | Next CVS 23 Mi

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,027
Cap Rate 6.63%
NOI $216,516
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 01/31/2040
Remaining Term 13.5
Lease Options 10 (5-year)
Price per SqFt $233
Acreage 1.400
Investment Type Net Lease

Retail | 6.63% CAP | 14,027 SqFt

Investment highlights

  • Investment Grade Corporate Guarantee - This CVS lease has over 14 years of firm term before the next option with no rent holiday.

  • Limited Drugstore Competition - This is only the CVS location for over 23 miles.

  • Mayo Clinic Heath System - Less than 2 miles from the Mayo Clinic Health System - Red Cedar, which serves residents of Menomonie and surrounding cities like Eau Claire, Barron, Chippewa Falls and more.

  • University of Wisconsin-Stout - Located less than 0.5 mile from the University of Wisconsin-Stout, a public university with approximately 7,000 students.

  • New Multi-Family Development - Estover Terrace, a 13 building community consisting of 136 multi-family units, was recently completed and is located less than 2 miles from the subject property.

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$216,516.00
$18,043.00/mo

Valuation Metrics

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DSCR
6.63%
Cap Rate
6.63%
ROI

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