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Home Medical Building 1590 Macauley Ave 2,818 SF 100% Leased Flex Building Rice Lake, WI 54868 $574,182 CAD ($203.76 CAD/SF) 9.68% Cap Rate
Investment Highlights
- Tenant is Home Medical, an Adapt Health Company
- NNN lease with renewals
- Well established commercial tenant
Executive Summary
We are pleased to present Home Medical Building, a premier industrial warehouse and distribution facility located at 1590 Macauley Avenue in Rice Lake, Wisconsin. This exceptional asset offers investors a rare opportunity to acquire a functional, well-maintained property. Tenant is a stable, well established commercial tenant who has occupied the building since 12/1/2021. Their current lease expires 11/30/2027.
Home Medical, an Adapt Health Company is a network of full-service medical equipment companies that use tailored products and services to empower patients to live their best lives – out of the hospital and in their homes. They are a local retailer of oxygen equipment, wheelchairs, and other supplies.
Strategically located in the Rice Lake, Wisconsin industrial corridor, the property offers easy access to major highways. There is plenty of employee and customer parking on a newly surfaced asphalt parking lot.
Rice Lake is a city in Barron County in northwestern Wisconsin, United States, on the shore of the lake with the same name. The city is a commercial and tourist center for the surrounding rural areas. As of the 2020 census, the city had a total population of 9,040.
Home Medical, an Adapt Health Company is a network of full-service medical equipment companies that use tailored products and services to empower patients to live their best lives – out of the hospital and in their homes. They are a local retailer of oxygen equipment, wheelchairs, and other supplies.
Strategically located in the Rice Lake, Wisconsin industrial corridor, the property offers easy access to major highways. There is plenty of employee and customer parking on a newly surfaced asphalt parking lot.
Rice Lake is a city in Barron County in northwestern Wisconsin, United States, on the shore of the lake with the same name. The city is a commercial and tourist center for the surrounding rural areas. As of the 2020 census, the city had a total population of 9,040.
Property Facts
| Price | $574,182 CAD | Building Class | C |
| Price Per SF | $203.76 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Rentable Building Area | 2,818 SF |
| Cap Rate | 9.68% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 2001 |
| Property Type | Flex | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $574,182 CAD |
| Price Per SF | $203.76 CAD |
| Sale Type | Investment |
| Cap Rate | 9.68% |
| Sale Condition | 1031 Exchange |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.35 AC |
| Rentable Building Area | 2,818 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 276-5007-21-000 | Improvements Assessment | $306,591 CAD |
| Land Assessment | $45,067 CAD | Total Assessment | $351,657 CAD |
Property Taxes
Parcel Number
276-5007-21-000
Land Assessment
$45,067 CAD
Improvements Assessment
$306,591 CAD
Total Assessment
$351,657 CAD
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Home Medical Building | 1590 Macauley Ave
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