Listing ID:#20164322

Building SF:25,072

Parcel Size:1.67 Acres


Building PSF:$99.71

Property Type:Retail

Date Available:Now

Single Tenant Net Lease

LEASE EXTENDED: Lease was just renewed for an additional 5-years at $7. NOI of $175,504, 7% Cap Rate. VALUE-ADD OPPORTUNITY: The below market rent provides flexibility for an owner, should you choose to reposition the property with higher rents. Landlord has the right to terminate the lease with proper notice. Tenant may also terminate the lease with 180 day written notice but no earlier than Q1 2024. PRICED BELOW ASSESSED VALUE! Priced $500,000 below the city's assessed value. For more info: www.officemaxmadison-cbre.com

Building Details

Building Type:Stand Alone

Building Status:Existing

Year Built:1992

Current Use:Junior Box

Hwy Exposure:Yes


Contact Listing Agent

Brian Wolff


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