1482 Mason StGreen Bay, WI 54303

Property Details for 1482 Mason St

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

3,302 SF

Zone code

C2

Property type

Retail properties

Property subtype

Banks

APN

6 144-G

APU

6144G

Description

This exceptional investment opportunity presents a 3,428 square foot, freestanding Wells Fargo bank building situated on a 0.6-acre lot in Green Bay, Wisconsin. The property boasts a 14.5-year remaining lease term (absolute NNN) with a strong credit tenant (S&P A+/Stable) and 10% rent bumps every five years, plus four, five-year lease options. Built in 1976 and renovated in 2023, this single-tenant property offers a 5.50% cap rate and a net operating income (NOI) of $103,000, with an asking price of $1,872,727 ($546.30/sq ft). The property enjoys a prime location at the signalized corner of South Fisk Street and West Mason Street, a major thoroughfare with over 21,000 vehicles per day, providing excellent visibility and accessibility. Its proximity to Lambeau Field and Green Bay Plaza, a large shopping center with national retailers, ensures high traffic and strong consumer synergy. The surrounding area demonstrates exceptional demographics, with over 140,120 people within a 5-mile radius and an average annual household income exceeding $78,987. This presents a compelling investment with attractive rental escalations, zero landlord responsibilities, and significant potential for long-term appreciation. The property's low ground rent contributes to an attractive cost basis, making it an ideal addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $876,436

  6.5%

  $809,018

  7%

  $751,231

• Comparable approach

  Method

  Valuation

  Relative Method

  $844,778

  Geo Method

  $1,083,816

• Alternative Use

  Use

  Valuation

  Residential

  $682,437

  Hospitality

  $625,109

  Educational

  $520,083

  Medical

  $537,970

  Retail

  $809,018

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Latitude

44.5226

Longitude

-88.0599

CBSA code

24580

CBSA name

GREEN BAY, 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].