For Sale
$3,350,000

101 4Th StMarshfield, WI 54449

Prime NNN-leased office building. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 22,101 square foot, Class A office building in Marshfield, Wisconsin, currently 100% occupied by a BMO Harris Bank branch under an absolute NNN lease. The property, situated on a 1.13-acre lot at 101 W 4th St, boasts a strong 5.57% cap rate and a substantial net operating income (NOI) of $186,442. Built in 1948 and extensively renovated in 2024, this two-story building features 45 parking spaces and a five-lane drive-thru, ensuring excellent accessibility and visibility. The lease, commencing September 29, 2019, and expiring September 28, 2034, offers a remaining term of 9.9 years with three, five-year renewal options. Rent increases are structured as one percent (1%) plus the year-over-year CPI increase, providing built-in protection against inflation. The tenant, BMO Harris Bank, is a highly creditworthy institution with an A+ (S&P) / A3 (Moody's) rating and over $550 billion in assets. The property is zoned DMU (Downtown Mixed-Use) and benefits from its location on a major commercial thoroughfare. This is a low-maintenance, high-return investment with significant long-term potential, offering a secure and stable income stream. The 2023 deposits exceeded $196 million, representing a 14.8% market share and a 15.6% overall deposit growth since 2018. The recent branch refresh further enhances the property's value and appeal.

Highlights

  • Absolute NNN lease to BMO Harris Bank, 100% occupied.
  • 10.2 years remaining on initial lease term, expiring September 30, 2034.
  • Three 5-year renewal options.
  • Annual rent increases of 1% plus year-over-year CPI (4.67% increase on 10/1/2023).
  • No landlord responsibilities.
  • BMO Harris to complete branch refresh in 2024.

Property Details for 101 4Th St

Property type
Retail properties, Office properties
Square Feet
22,101 SF
Class
A
Year Built/Renovated
1948/2024
Stories
2
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Marshfield
County
Wood
State
Wisconsin
Latitude
44.6644605
Longitude
-90.1757648
101 4Th St, Marshfield, Wisconsin

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101 4Th St
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