1006 Main StWest Bend, WI 53095

Property Details for 1006 Main St

Year built

2015

Construction

FRAME

Lot size

0.47 AC

Property size (Sq ft)

2,520 SF

Property type

Other commercial real estate

APN

1119-231-0018

APU

11192310018

Description

This exceptional investment opportunity presents a 2,500 square foot Class A medical office building in West Bend, Wisconsin, currently 100% occupied by Heartland Dental under a Net Lease agreement. Built in 2015, this single-tenant property sits on a 0.47-acre lot at 1006 S Main St, 53095. The lease, corporately guaranteed by Heartland Dental, LLC, features a strong 7.10% capitalization rate with a NOI of $84,666. The lease term extends to August 31, 2027, with two 5-year renewal options. Annual rent escalations are 2% or the change in CPI, providing inflation protection. The tenant is responsible for all operating expenses except roof and structure maintenance, with a provision for the tenant to reimburse up to 5% of management costs. This property offers a secure, long-term investment with a nationally recognized tenant and built-in rent growth. The acquisition of American Dental Partners by Heartland Dental in 2021 further solidifies the tenant's commitment and stability. This is a rare opportunity to acquire a high-quality, well-located medical office building with a proven track record of success. The property's desirable location and strong tenant covenant make it an attractive investment for discerning buyers seeking stable income and long-term appreciation.

• Alternative Use

  Use

  Valuation

  Residential

  $520,818

  Hospitality

  $477,067

  Educational

  $396,914

  Medical

  $410,564

  Retail

  $617,422

Location Insight

City

West Bend

County

Washington

State

Wisconsin

Latitude

43.4078

Longitude

-88.1817

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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