Midwest Dental Sale-Leaseback,
Plover, WI Investment Summary
| Price | $692,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN lease, With Tenant Responsible For All Property-Related Costs, Maintenance, And Repairs |
| Rental Increases | 5% In Each Option |
| Year Built | 1991 |
| Building Size | 2,950 SF |
| Lot Size | 0.9 Acres |
| Status | Sold |
| Lead Brokers | Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 |
Investment Highlights
LONG-TERM ABSOLUTE NNN LEASE
» New 15-year lease to major national dental services provider
» No landlord management, ideal for an out-of-area investor
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located just off the main highway between Plover and Downtown Stevens Point
» Convenient access to Interstate 39 (23,100 AADT)
» Located just off Plover’s primary retail corridor tenanted by a strong mix of national and local retailers including Menards (150 employees), Culver’s, Burger King, Taco Bell, Papa Murphy’s, IHOP, Dunkin’ Donuts, Verizon, KFC, Copps, Pizza Hut, and others
CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Minutes from Downtown Stevens Point and 2.5 miles from Downtown Whiting, WI
» Near several schools, including the University of Wisconsin at Stevens Point (8,626 students and 1,900 employees), Roosevelt IDEA School (468 students), andMcDill Elementary School (395 students)
» 43,106 residents live within a five-mile radius
Property Description
Sold
The property is strategically located just off the main retail corridor between Plover and Stevens Point. Post Road connects Plover and Stevens Point and is tenanted by a strong mix of national and regional tenants. At the nearest intersection Post Road experiences over 14,400 vehicles per day. Plover is an affluent suburb of Stevens Point with an average household income above $91,000 within one mile of the property. The site also benefits from its proximity to major national retailers including Burger King, Taco Bell, Pizza Hut, the United States Postal Service, McDonald’s, Menards, Culver’s and many others. As well as a proximity to major employers including Del Monte (746 employees) and RR Donnelley (146 employees).
The property is located just minutes from Downtown Stevens Point, Downtown Whiting, and the University of Wisconsin at Stevens Point, the largest university in the county with over 10,000 students and faculty. Stevens Point has a vibrant culture and attracts over 750,000 visitors per year, generating over $120 million dollars annually.
