7050 Watts RdMadison, WI 53719

Property Details for 7050 Watts Rd

Lot size

11.87 AC

Zone code

PD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

0708-264-0209-5

APU

70826402095

Description

This exceptional investment opportunity presents a fee-simple interest in a 113,134-square-foot At Home retail building situated on an 11.87-acre lot in Madison, Wisconsin. The property boasts a 100% occupancy rate under a long-term, absolute NNN lease with At Home, a prominent national retailer. The lease commenced March 25, 2022, and has a remaining term of approximately 12.4 years, extending to March 31, 2037. The lease includes annual rent increases of 2%, providing consistent growth in cash flow. The current Net Operating Income (NOI) stands at $695,599, yielding a 9.00% cap rate based on the asking price of $7,728,878. The lease structure offers four 5-year renewal options, further enhancing the long-term value and stability of this investment. This single-tenant, freestanding building is strategically located at 7050 Watts Rd, Madison, WI 53719, in a desirable retail corridor near the University of Wisconsin, benefiting from a dense and affluent demographic. The property offers a truly passive investment opportunity with significant long-term cash flow potential and minimal landlord responsibilities. The property's location and the strength of the tenant combine to create a compelling investment proposition.

• CAP approach

  CAP return

  Valuation

  6%

  $115,728,408

  6.5%

  $106,826,224

  7%

  $99,195,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,337,192

  Geo Method

  $104,352,216

• Alternative Use

  Use

  Valuation

  Residential

  $106,826,224

  Hospitality

  $97,852,248

  Educational

  $81,411,920

  Medical

  $84,211,800

  Retail

  $126,640,760

Location Insight

City

Madison

County

Dane

State

Wisconsin

Latitude

43.0513

Longitude

-89.5058

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].