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5541 Highway 10 East

Stevens Point, WI 54482
  • $1,200,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 22106820
UPDATED: 16 min ago
$1,200,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,955
    SQFT
  • $151
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1995
County:

School Ratings & Info

Description

Phenomenal investment opportunity with long term leases already in place! NOI of $90,123, equating to a 7.5% cap rate! High visibility, easy access, state Highway 10 location, with daily traffic counts of 26,000+. High quality, commercial grade construction, featuring concrete free span floor system. Impeccably maintained! Building currently at 100% rental capacity with two long term tenants. Building is currently condominiumized into three units. Tenant 1 is a dental center with a NNN lease for units 1 & 2( all main of main floor and partial lower level)until September 2nd 2030, with (2) five year options available at maturity. Tenant 2 is a counseling center with a gross lease for Unit 3(partial lower level) maturing June 30th, 2023- this tenant has been in place for 25 years. High quality professional office environment. Main floor(unit 1- tenant 1) designed for facilitation of modern dental center with multiple exam rooms(plumbed for water and nitrous oxide), consultation room, waiting and greeting area,, sterilization station, two public restrooms, staff restroom, and private office and bathroom, for a total of 3908sf. Unit 2, also leased by tenant 1, consists of a break room, laundry/changing room, raw storage, and mechanical rooms, for a total of 1715sf. Unit 3 has dual entry, and consists of a lobby/greeting area, six offices, two public restrooms, and storage, for a total of 2332sf. Building is ADA compliant. All dental related equipment and personal property not included with sale. Parking lot offers 34 parking spaces and was resealed in 2020. New roof shingles installed in 2017. This incredible property provides the new investor with years and years of great operating income. Call today for a private showing!

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© 2022 Central Wisconsin Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2022-01-20T23:31:30.75
www.exitmidstate.com/homes/124215211
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5541 Highway 10 East Stevens Point, WI 54482

  • Price: $1,200,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 16 min ago
  • MLS #: 22106820
0
Beds
0
Baths
0
½ Baths
0.69
Acres
7,955
SQFT
$151
$/SQFT
1995
Built
Neighborhood:
Stevens Point
County:
Portage
Area:
Stevens Point
Property Description
Phenomenal investment opportunity with long term leases already in place! NOI of $90,123, equating to a 7.5% cap rate! High visibility, easy access, state Highway 10 location, with daily traffic counts of 26,000+. High quality, commercial grade construction, featuring concrete free span floor system. Impeccably maintained! Building currently at 100% rental capacity with two long term tenants. Building is currently condominiumized into three units. Tenant 1 is a dental center with a NNN lease for units 1 & 2( all main of main floor and partial lower level)until September 2nd 2030, with (2) five year options available at maturity. Tenant 2 is a counseling center with a gross lease for Unit 3(partial lower level) maturing June 30th, 2023- this tenant has been in place for 25 years. High quality professional office environment. Main floor(unit 1- tenant 1) designed for facilitation of modern dental center with multiple exam rooms(plumbed for water and nitrous oxide), consultation room, waiting and greeting area,, sterilization station, two public restrooms, staff restroom, and private office and bathroom, for a total of 3908sf. Unit 2, also leased by tenant 1, consists of a break room, laundry/changing room, raw storage, and mechanical rooms, for a total of 1715sf. Unit 3 has dual entry, and consists of a lobby/greeting area, six offices, two public restrooms, and storage, for a total of 2332sf. Building is ADA compliant. All dental related equipment and personal property not included with sale. Parking lot offers 34 parking spaces and was resealed in 2020. New roof shingles installed in 2017. This incredible property provides the new investor with years and years of great operating income. Call today for a private showing!
Exterior Features

Construction VinylBlock Land Sq Ft 50000+ Number Of Entry Doors 3 Parking 26 Or MoreBlacktop/Asphalt Roof CompositionShingle

Interior Features

Basement BlockExposedFullWalk Out/Outer Door Cooling Central Heat Type Forced Air Sq Footage Building 5001-10000 Sq Footage Office 7955

Property Features

Accessibility Features Full Wheelchair AccessHandicap EquippedHandicap Restroom Annual Rent Per Sq Ft 12.42 Auction No Electrical Communications 200 AmpHigh Speed Internet Acces Fuel Type Natural Gas Lease Type Triple NetGross Location Near Major Highway Miscellaneous Gas Hot Water HeaterUtility Separate MeterFire AlarmSecurity LightingSecurity SystemHigh Traffic LocationHandicap AccessHigh VisibilityHighway AccessLandscape SprinklerWater SoftenerWater FilterPublic Rest RoomReception AreaAda ComplianceSmoke Detectors Municipality Stevens PointCity Of Net Income 90123 Possible Use RetailOfficeBusiness Present Use Office Property Type Real Estate For Sale Sale Includes Lease(S) Sale Or Rent For Sale Sewer And Water Municipal Water Sprinklers YN No Tax Amount 16434 Tax Year 2020 Tenant Pays TaxesHeatAir ConditioningElectricWaterSewerOther Zoning CommercialResidential Zoning Description B5

Listing information © 2022 Mid America Regional Information Systems, Inc.
Listing provided courtesy of Elite Realty Team - Todd Reilly, Tiffany Broecker, Cade Covi of Coldwell Banker Real Estate Group.


© 2022 Central Wisconsin Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Midstate Realty. Data last updated: 2022-01-20T23:31:30.75
 
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EXIT Midstate Realty
4111 Schofield Ave., Suite 10
Weston WI, 54476