For Sale
$1,255,600

500 Cherry AveOconto Falls, WI 54154

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

Overview

Added:
Dec 11, 2024
Days on market:
117
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
500 Cherry Ave, Oconto Falls, Wisconsin

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500 Cherry Ave
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