610 Reeve Dr, Waunakee, WI 53597
1,848 SF | Retail Building | Waunakee, WI 53597 | $935,606 ($506/SF) | 7.25% Cap Rate
For Sale
Active
3 pictures
Asking Price $935,606
- Property Type
-
Retail
- Square Feet
- 1,848 SF
- Price / Square Foot
- $506
Listing Contacts
Randy Blankstein
Jimmy Goodman
- Property Info
Property Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Super-Lube property positioned within the Madison MSA in Waunakee, Wisconsin. The property is leased to an experienced franchisee that has operated this location since 2006. Super-Lube is operating on a lease through October 2028. The subject lease is NNN which presents no landlord responsibilities and contains 2% annual rental escalations. There is also one 10-year renewal option remaining. Super-Lube is currently paying a low absolute rent of $67,831.
The 1,848 square-foot building bene?ts from its position along West Main Street which experiences over 16,600 vehicles per day and connects to Madison, Wisconsin (25 minutes south). The subject property is located next to Piggly Wiggly and within proximity to several other national tenants including Walgreens, BMO Bank, McDonald’s, O’Reilly Auto Parts, Ace Hardware, Dollar Tree, and KFC. The population consists of over 25,600 people that live within ?ve miles. The makeup of which is af?uent and generates a six-?gure average household income of $159,915 within three miles.
The 1,848 square-foot building bene?ts from its position along West Main Street which experiences over 16,600 vehicles per day and connects to Madison, Wisconsin (25 minutes south). The subject property is located next to Piggly Wiggly and within proximity to several other national tenants including Walgreens, BMO Bank, McDonald’s, O’Reilly Auto Parts, Ace Hardware, Dollar Tree, and KFC. The population consists of over 25,600 people that live within ?ve miles. The makeup of which is af?uent and generates a six-?gure average household income of $159,915 within three miles.
Property Details
- Class
- B
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 13,068 SF
Highlights
- Positioned within the Madison MSA – 2nd Largest MSA in Wisconsin
- NNN – No landlord responsibilities
- Low absolute rent ($67,831)
- 2% annual rental escalations
- Af?uent population – Six-?gure average household income within three miles ($159,915)
- 25-minute drive from downtown Madison, Wisconsin
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