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80 E Park Ave 24,245 SF Retail Building Kiel, WI 53042 $408,153 CAD ($16.83 CAD/SF) 6.52% Cap Rate
Executive Summary
Offered is a 10.38% undivided interest in a property held as Tenants in Common (TIC). The interest generates $19,569.72 in annual net income. The asset is under an absolute triple net lease through December 31st 2029, with 2 5-year renewal options. Each option includes a 5% increase in rent.
Long-term tenant who has occupied the premises since 1998.
Property management is provided by Commerce Property Solutions.
Long-term tenant who has occupied the premises since 1998.
Property management is provided by Commerce Property Solutions.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
24,245 SF
Building Class
B
Year Built
1998
Price
$408,153 CAD
Price Per SF
$16.83 CAD
Cap Rate
6.52%
NOI
$26,625 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.81 AC
Zoning
B - Commercial Zoning
Amenities
- 24 Hour Access
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Piggly Wiggly Midwest
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Piggly Wiggly Midwest | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 051-895-003-017.00 | Improvements Assessment | $2,135,707 CAD |
| Land Assessment | $187,407 CAD | Total Assessment | $2,323,115 CAD |
Property Taxes
Parcel Number
051-895-003-017.00
Land Assessment
$187,407 CAD
Improvements Assessment
$2,135,707 CAD
Total Assessment
$2,323,115 CAD
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80 E Park Ave
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