Listed by Coldwell Banker Commercial McGuire Mears & Associates
$849,000
4030 Commercial Dr
Details
Property Type Industrial
Sub Type Warehouse, Industrial
Square Footage 9,000
Tenancy Single
Lease Type Modified
Year Built 2003
Acreage 1.010
Single Tenant Investment Warehouse
Marketing description
A fully occupied, single-tenant commercial/industrial investment at 4030 Commercial Drive in Janesville's established Commercial Drive corridor. The 9,000 SF building is leased to Dawg Zone through August 2029 under a modified gross structure with 2% annual escalations, generating $70,077 in current gross annual rent and $60,077 NOI. With3.3 years of lease term remaining and a local tenant in a growing service category, this is a clean, low-management asset with income in place and rent growth built in. Priced at an 8% cap on current NOI with comp support from recent same-street sales.
Investment highlights
- Fully occupied through August 2029 with 2% annual rent escalations baked in, so your NOI grows without renegotiation.
- Same-street sales on Commercial Drive include a May 2025 transaction at $112.67/SF, and the 6-comp average across the Janesville submarket sits at $89.67/SF — both validating the ask for a stabilized, income-producing asset.
- Tenant pays CAM (lawn care and snow plowing); landlord expense load is limited to taxes and insurance, estimated at $10,000/year.
- The 2% annual escalation schedule pushes income-supported value closer to the comp set with every passing year, rewarding a buyer who moves now.
- Small industrial park setting, single tenant, no complex lease structure. The kind of property that manages itself.
Listing Contacts
Listed by Coldwell Banker Commercial McGuire Mears & Associates
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Zoning
M1 IndustrialLight IndustrialLight Industrial District
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View all 37 uses Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics
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