For Sale
$589,000

15779 Us-63Hayward, WI 54843

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 3,824 square foot retail building situated on a 0.42-acre lot in Hayward, Wisconsin. The property boasts a 9% cap rate and is currently 100% occupied by a NAPA Auto Parts store, a corporate-owned tenant with a strong 30+ year history at this location and a new 5-year lease with three, 5-year renewal options. The building, constructed in 1980, is a single-story structure with ample parking (1,000 spaces per 1,000 sq ft). The property is strategically located on a hard corner of US Highway 63, ensuring high visibility and accessibility. A secondary tenant, R3 Racing, occupies a portion of the building, further diversifying the income stream. The property's Assessed Property Number (APN) is 236-941-22-3422. This is a net lease, minimizing landlord responsibilities and maximizing return on investment. The asking price for this prime retail investment is $589,000. This property offers a rare combination of strong tenant occupancy, a desirable location, and a high-yielding cap rate, making it an ideal addition to any investment portfolio. The property is located at 15779 US-63, Hayward, WI 54843.

Highlights

  • Triple-net lease with minimal landlord responsibilities.
  • High-visibility corner location on US Highway 63.
  • Established NAPA Auto Parts tenant with 30+ years of occupancy.

Property Details for 15779 Us-63

Property type
Retail properties, Retail space
Square Feet
3,824 SF
Year Built
1980
Stories
1
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Hayward
County
Sawyer
State
Wisconsin
Latitude
46.0142772
Longitude
-91.481947
15779 Us-63, Hayward, Wisconsin

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15779 Us-63
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