1700 Us-51Wausau, WI 54401

Property Details for 1700 Us-51

Year built

1992

Property size (Sq ft)

10,843 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 10,843-square-foot auto shop located at 1700 US-51 in Wausau, Wisconsin. The property, built in 1992 and situated on a large site, boasts excellent visibility and accessibility, benefiting from its location directly across from North Central Technical College's expansive campus. The high-traffic area sees approximately 19,500 vehicles daily. Currently leased to Caliber Collision, the nation's largest collision repair company, the property is under a strong 11-year NNN lease (commencing September 1, 2022, and expiring August 31, 2033), with a remaining term of approximately 8.8 years. The lease includes a 10% rent escalation clause every five years and an option for a further 12-year extension. The building, originally constructed to rigorous Toyota dealership standards, has undergone recent renovations, resulting in a virtually new facility incorporating the latest technological advancements. The asking price is $2,400,000, translating to $221.34 per square foot. The property's Commercial zoning and APN 291-2907-221-0132 further enhance its investment appeal. This is a single-tenant property with a strong, established tenant and a long-term lease, making it an attractive addition to any commercial real estate portfolio. The property's prime location and the tenant's national prominence contribute to its significant investment potential.

Location Insight

City

Wausau

County

Marathon

State

Wisconsin

Latitude

44.9859

Longitude

-89.6519

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