For Sale
$1,255,600

500 Cherry Ave Oconto Falls, WI 54154

8,919 SF Bank, 8% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a well-maintained, 8,919-square-foot bank building located at 500 Cherry Ave, Oconto Falls, WI 54154. Currently leased to BMO Bank under a triple-net (NNN) lease expiring October 31, 2026, offering a remaining lease term of approximately 1.9 years with annual rent increases. The property boasts a strong 8.00% capitalization rate and a price per square foot of $140.78, making it an attractive addition to any portfolio. Situated near the intersection of E. Highland Dr. and Cherry Ave., this strategically located building benefits from high visibility and accessibility. The surrounding area features a dense concentration of mixed-use establishments, including Carquest Auto Parts, Hometown Veterinary, McDermid Truck Sales, and Napa Auto Parts. The property offers abundant parking, is handicap accessible, and includes pylon sign availability. Highland Drive experiences a traffic count of 4,300 vehicles per day, further enhancing its desirability. The property is conveniently located minutes from Interstate 41 and Green Bay, providing easy access to regional transportation networks. The permitted zoning is Commercial, allowing for flexibility in future uses. This sale-leaseback opportunity offers a compelling combination of immediate income and long-term potential. The asking price is $1,255,600.

Highlights

  • Well-maintained 8,919 SF building.
  • Highland Drive traffic count: 4,300 VPD.
  • Minutes from I-41 and Green Bay.
  • Pylon sign availability.
  • Handicap accessible.
  • Abundant parking.

Property Details for 500 Cherry Ave

Property type
Retail properties, Banks
Square Feet
8,919 SF

Location Insight

City
Oconto Falls
County
Oconto
State
Wisconsin
Latitude
44.8815102
Longitude
-88.143702

FAQs

What type of property is this?
Retail property - 8,919 SF Bank, 8% Cap Rate, NNN Lease
Where is the retail property located?
The property is located at 500 Cherry Ave Oconto Falls, WI.
What is the asking price?
The asking price for this property is $1,255,600.
What are key features of this property?
This property features: Well-maintained 8,919 SF building.; Highland Drive traffic count: 4,300 VPD.; Minutes from I-41 and Green Bay.
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.
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500 Cherry Ave
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