1218 Lincoln Street, Rhinelander, WI 54501
 

 

Listing ID  17810358 

  Price:	$1,695,495
  Gross Leasable Area:	11,030 SF
  Price/SF:	$153.72
  Property Type:	Retail
  Property Sub-type:	Strip Center
  Additional Sub-types:	Free Standing Bldg Retail Pad Neighborhood Center
  Property Use Type:	Net Lease Investment with 10+ years left on lease
  Commission Split:	2%
  Cap Rate:	8.35%
  Occupancy:	100%
  Tenancy:	Multiple

 

Highlights

• Maurices anchored shopping center - 100% Occupied

• Maurices corporately guaranteed lease - 800+ locations

• Includes national tenants Verizon Wireless, H&R Block and EZ Money

• Surrounded by Super Walmart, Kohls, Home Depot, JC Penney

• Rhinelander, WI: County seat of Oneida County (200,000 regional population)

• 70% of center on new leases or recently picked up their option

Description

Cushman & Wakefield presents Rhinelander Plaza, a multi-tenant retail center anchored with national tenants: Maurices, Verizon, H&R Block and EZ Money. Maurices anchors the center with a new Corporately guaranteed ten (10) year lease. With more than 800 locations, Maurices is a specialty retail store that thrives in smaller markets and complements larger nearby retailers. In addition, H&R Block and EZ Money recently renewed their leases by picking up their respective options. Verizon Wireless is a corporate tenant that has been successfully operating out of this location for the last three years. Rhinelander Plaza is 100% occupied and more than 70% of the center is on new corporately guaranteed leases or recently renewed leases.

Located in the county seat of Oneida County, Rhinelander Plaza is surrounded by national retailers Super Walmart, Kohls, Home Depot and JC Penney.

Financial Summary

• Actual

• Net Operating Income

$141,574