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Mercy Dental | Absolute NNN Lease 101 W Main St 18,154 SF 100% Leased Retail Building Stoughton, WI 53589 $2,397,472 CAD ($132.06 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Brand New Absolute NNN Lease: 10-year lease with tenant responsible for all expenses, including vacancy CAM; 2% annual increases baked in.
- Value-Add Upside: ±6,700 SF on the 2nd and 3rd floors available for lease-up (medical/professional) or adaptive reuse (multifamily).
- Proximity to Madison MSA: Convenient access via US-51/WI-138; strong long-term patient and labor demand drivers.
- Strong Tenant Guarantee: Backed by Mercy Dental Group, a Wisconsin-based operator with 10 established clinics across the region.
- Recent Capital Investment: $130,000 new roof, reducing near-term capital needs.
- Attractive Demographics: 19,681 residents within 5 miles with $113,759 average household income.
Executive Summary
Mid-America Real Estate – Wisconsin is pleased to present the opportunity to acquire Mercy Dental, an absolute NNN dental clinic located at 101 W Main Street, Stoughton, WI (Madison MSA).
The property features a 10-year lease with 2% annual rental increases, guaranteed by Mercy Dental Group, a well-established and growing family-owned dental network operating 10 clinics across south-central Wisconsin. This investment offers a secure, zero-landlord-responsibility income stream with long-term durability.
Strategically positioned at the high-visibility corner of W Main Street and S Division Street in Stoughton’s walkable historic downtown, the property benefits from strong demographics, excellent access to Madison’s labor and patient base, and continued city-backed redevelopment efforts.
In addition to stable day-one cash flow, the ±6,700 SF on the upper floors provides free value-add upside through lease-up to complementary medical/professional tenants or conversion to multifamily residential units—unlocking future NOI growth without compromising the existing base income.
The property features a 10-year lease with 2% annual rental increases, guaranteed by Mercy Dental Group, a well-established and growing family-owned dental network operating 10 clinics across south-central Wisconsin. This investment offers a secure, zero-landlord-responsibility income stream with long-term durability.
Strategically positioned at the high-visibility corner of W Main Street and S Division Street in Stoughton’s walkable historic downtown, the property benefits from strong demographics, excellent access to Madison’s labor and patient base, and continued city-backed redevelopment efforts.
In addition to stable day-one cash flow, the ±6,700 SF on the upper floors provides free value-add upside through lease-up to complementary medical/professional tenants or conversion to multifamily residential units—unlocking future NOI growth without compromising the existing base income.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
18,154 SF
Building Class
C
Year Built
1890
Price
$2,397,472 CAD
Price Per SF
$132.06 CAD
Cap Rate
6.75%
NOI
$161,829 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.32
Lot Size
0.18 AC
Zoning
C-B
Parking
84 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 0511-082-1611-8 | Improvements Assessment | $524,583 CAD |
| Land Assessment | $72,333 CAD | Total Assessment | $596,916 CAD |
Property Taxes
Parcel Number
0511-082-1611-8
Land Assessment
$72,333 CAD
Improvements Assessment
$524,583 CAD
Total Assessment
$596,916 CAD
Contacts
-
Dan Rosenfeld -
Andrew Lund -
Tanner Rosen -
Mid-America Real Estate – Wisconsin, LLC
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Mercy Dental | Absolute NNN Lease | 101 W Main St
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