1903 Lincoln St | Rhinelander, WI 54501
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1903 Lincoln St
Rhinelander, WI 54501
Value Add Strip Center - Walmart Outlot · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
28,500 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.42 AC
Zoning
Commercial
Parking
143 Spaces (5.02 Spaces per 1,000 SF Leased)
Frontage
273 FT on Woodland Heights Terrace
ABOUT 1903 LINCOLN ST , RHINELANDER, WI 54501
The Property consists of OfficeMax which is paying $8.00/sf with 2.5 years remaining; GameStop which is paying $10.75/sf with just under 3 years remaining; and a local Oriental Kitchen with just over 3 years remaining. OfficeMax and GameStop occupy a combined 91% of the center and are paying under market rents. This is an excellent opportunity to bring in longer term leases, increase the rents, and improve the Property's credit lineup.
PROPERTY TAXES
| Parcel Number | RH 9104 1003 | Improvements Assessment | $1,124,100 |
| Land Assessment | $525,900 | Total Assessment | $1,650,000 |
PROPERTY TAXES
Parcel Number
RH 9104 1003
Land Assessment
$525,900
Improvements Assessment
$1,124,100
Total Assessment
$1,650,000
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