Investment Highlights
Executive Summary
Absolute NNN Lease -New 10-year absolute NNN lease with zero landlord responsibilities with an established franchisee that operates 8 locations in Minnesota and Wisconsin. Investors will appreciate the rent bumps, over 9+ years of term remaining and four 5-year options.Excellent Hwy 53 Location -Strategically located directly off Highway 53 (14.8K+ VPD) near Marshfield Medical Center and a plethora of other medical offices. Highway 53 serves as north/south corridor from LaCrosse, WI to International Falls, MN, and is a vital route between Eau Claire, WI, and the twin ports of Superior, WI, and Duluth, MN.Great Building & Lot -A newer building that was recently renovated for the current tenant, plus the roof was replaced in 2017. Large, 2-acre lot with ample parking as well as signage and great visibility along Highway 53. Plus, the tenant is paying low rent, which should be easily replaceable if the tenant were to ever leave.Great Northwoods Market -Rice Lake is located in northwestern Wisconsin about 2 hours northeast of the Twin Cities and 2 hours southeast of Duluth, MN. Rice Lake is part of Wisconsin's Northwoods and is a vacation destination for outdoor enthusiasts of all types, due to its many lakes and trails for ATVs and snowmobiles.Great Demographics & Growing Population -While the population of Rice Lake is about 9,000 it has steady population growth. The population within a 10-mile radius of the property is over 24,000 with an average household income of over $71,000. The city also serves as a regional hub for retail, business, and healthcare.
