6 CAP NNN Investment Property

Office for Sale
Catylist Listing ID: 28410143
Property Subtypes: Medical
Building Size (RSF): 4,328 SF
Gross Land Area: 0.81 Acres
Sale Price: $1,021,000
Unit Price: $235.91 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 3/17/2019

Overview / Comments

High quality Tenant has over 64 locations in several states.
10 years left on current lease as of 10/1/2015.
Well Maintained Building also has a full basement for storage and mechanicals.
Newly painted exterior, both a/c units are new.

Current Tenants

Tenant Business Name Midwest Dental
Contact Name n/a
Contact Title n/a
Industry Type Health Care and Social Assistance
Is Renting? Yes
Annual Revenue $61,277 (Annual)
Current Rent $5,106 PSF (Annual)
Lease Expiration 9/0030
Escalations n/a
Tenant Notes Major Dental Service Corporation with over 64 offices in the midwest and beyond. http://www.midwest-dental.com/ and http://www.mountaindental.com/

Additional Details

Nearest MSA: Oshkosh-Neenah
County: Winnebago
Tax ID/APN: 1307290100
Zoning: C-2 PD
Market Type: Medium
Property Located Between: 20th Ave & 18th Ave
Side of Street: East
Road Type: Paved, Highway
Property Visibility: Excellent
Transportation: Highway
Highway Access: Just East off Internet Hwy 41 on South Park Ave (Business Hwy 44)
Airports: n/a
Site Description: Front and Center Office/Retail site
Area Description: Modern high profile office, retail, professional and residential area.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,328 SF
Year Built: 1991
Roof Type: Hip
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Customer Parking in front, employee parking in the rear
Interior Description: Central A/C, Cable and all necessary internet access options are available to the site.
Zoning Description: C-2 Planned Development Center http://www.ci.oshkosh.wi.us/weblink8/0/doc/591829/Page1.aspx (then scroll to page 4)
Lot Frontage: 355
Lot Depth: Irregular
Land Ownership: Fee Simple
Legal Description: LOT 1 CSM 2341 DOC #765754 R OF D

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,693 56,920 69,735
Median Age: 43.32 36.11 36.85
Households: 2,564 23,391 28,275
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