About This Restaurant
Investment Highlights
Three (3) Commercial Tenants & Two (2) Apartment Tenants. Fast growing municipality. Main Street ambiance and presence. City parking lot immediately behind the property - Parking is free. Substantial Upgrades over last 18 months. 7.6% cap rate on existing NOI. Below market rents that could easily be pushed higher.
Executive Summary
100% leased mixed-use building for sale. Three (3) commercial units and two (2) apartment units. All are fully rented. Substantial improvements over the last 18 months. Solid CAP rate based on existing NOI...significant upside on rents can push return even higher. Great location in a fast growing area! City parking lot (free) located immediately behind the project.
Property Details
- Sale Type Investment
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Retail/Office Storefront Retail/Residential
- Building Size 3,980
- Building Class C
- Year Built/Renovated 1980/2020
- Price 549,000
- Price Per SF 138
- Cap Rate 7.84
- NOI 43,050
- Percent Leased 79
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.76
- Land Acres 0.12 AC
| Date Created: | 2024-07-16 04:25:43 | Last Updated: | 2024-07-16 04:25:43 |
| Address: | 107-111 S Main St , Lodi, Wisconsin, 53555 | ||