For Sale
$2,750,000

2030 Young StEast Troy, WI 53120

High-yield manufacturing facility, 10-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 34,226-square-foot single-tenant industrial property located at 2030 Young Street in East Troy, Wisconsin, 53120. The property, built in 1973 and renovated in 1998, boasts a 17-foot ceiling height and features a single, one-story building situated on a parcel zoned M2. Currently occupied at 100% capacity by Thistle Molded Group under a Net Lease (NNN) agreement, the tenant recently renewed their lease for a full 10-year term, providing significant lease stability and a predictable income stream. The lease includes rent bumps, further securing future returns. The property offers 63 parking spaces for employees and visitors. This Class C industrial building provides a strong 8.00% cap rate on the asking price of $2,750,000. The long-term lease, coupled with the tenant's established presence in the molded plastics industry, makes this a low-management, high-return investment opportunity. The property's strong financial performance and secure tenancy make it an attractive addition to any portfolio.

Highlights

  • 34,226 SF single-tenant industrial building in East Troy, WI.
  • 100% occupied by Thistle Molded Group under a 10-year NNN lease.
  • 17' ceiling height, 63 parking spaces.
  • Class C building, 8.00% cap rate, $2,750,000 asking price.
  • Built in 1973, renovated in 1998, M2 zoning.

Property Details for 2030 Young St

Property type
Industrial properties, Manufacturing properties
Square Feet
34,226 SF
Class
C
Year Built/Renovated
1973/1998
Buildings
1
Stories
1

Location Insight

City
East Troy
County
Walworth
State
Wisconsin
Latitude
42.78807679749
Longitude
-88.396177062116
2030 Young St, East Troy, Wisconsin

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2030 Young St
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