For Sale
$1,061,000

1820 Wisconsin Ave New Holstein, WI 53061

Prime Retail Bank, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a single-tenant, 8,879 square foot retail building located at 1820 Wisconsin Avenue in New Holstein, Wisconsin, 53061. Currently leased to BMO Harris Bank under a NNN lease expiring October 31, 2026, this property boasts a remaining lease term of approximately 1.9 years. The asking price is $1,061,000, representing a compelling price per square foot of $119.50 and an attractive 8.00% cap rate. The property benefits from high visibility and accessibility, situated near Monroe Road and Dickinson Road, with an estimated 8,300 vehicles passing daily. Utilities are readily available on-site. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment. The property's versatile nature presents potential for various business uses beyond its current banking function, adding to its long-term value. This is a rare opportunity to acquire a well-located, income-producing property with a strong cap rate in a thriving business environment. The lease includes annual rent increases.

Highlights

  • NNN lease in place through December 2025.
  • High traffic count: 8,300 vehicles per day.
  • All utilities available on-site.
  • Excellent access to Monroe Road and Dickinson Road.
  • 8% capitalization rate.

Property Details for 1820 Wisconsin Ave

Property type
Retail properties, Banks
Square Feet
8,879 SF

Location Insight

City
New Holstein
County
Calumet
State
Wisconsin
Latitude
43.949792039967
Longitude
-88.088942145172

FAQs

What type of property is this?
Retail property - Prime Retail Bank, High Cap Rate
Where is the retail property located?
The property is located at 1820 Wisconsin Ave New Holstein, WI.
What is the asking price?
The asking price for this property is $1,061,000.
What are key features of this property?
This property features: NNN lease in place through December 2025.; High traffic count: 8,300 vehicles per day.; All utilities available on-site.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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1820 Wisconsin Ave
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