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4600 Rib Mountain Dr
Wausau, WI 54401
Dick's Sporting Goods - New Construction · Retail Property For Sale
PROPERTY FACTS
About 4600 Rib Mountain Dr , Wausau, WI 54401
Investment Highlights: • Brand New Construction with Long-Term Lease – The property was completed in 2017 with state-of-the-art construction. Dick’s Sporting Goods signed a 10-year lease at just $12 PSF with $0.50/SF inreases every 5-years. The lease has minimal landlord responsibilities with a long-term roof warranty, thus acting as a NNN investment. • Dense Retail Area – The property is located in the retail-hub of Wausau anchored by Walmart Supercenter and Sam’s Club with junior anchors that include Kohl’s, Hobby Lobby, TJ Maxx, Old Navy, Joann Fabrics, and many other national retailers. The property is located along Rib Mountain Dr, one of the major thoroughfares with strong traffic counts. • Great Sports Market – Wisconsin has some of the greatest sports fans in America and is home to the Green Bay Packers, Milwaukee Bucks, Milwaukee Brewers, and University of Wisconsin sports teams. The strong sports and outdoor activity should make Dick’s Sporting Goods a major draw for consumers in the region. • Solid Demographics and Only DSG in ±100 Miles – The property benefits from great demographics for long-term success. There are over 25,000 people in the 3-mile radius with an average household income of +$70,000. In addition, this Dick’s location will serve the towns surround Wausau as it is the only Dick’s Sporting Goods in nearly a 100-mile radius. • Strong Tenant / Guaranty with Above Market Return – Dick’s Sporting Goods is a publicly traded company on the New York Stock Exchange with a market cap of $3.2B. The corporate guaranty provides the security of an extremely passive investment. The initial cap rate above 7% with rent increases makes this one of the most attractive investments on the market.
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PROPERTY TAXES
Parcel Number | 068-2807-151-0815 | Improvements Assessment | $4,085,600 |
Land Assessment | $2,203,900 | Total Assessment | $6,289,500 |
PROPERTY TAXES
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Listing ID: 12694621
Date on Market: 5/29/2018
Last Updated:
Address: 4600 Rib Mountain Dr, Wausau, WI 54401
The Retail Property at 4600 Rib Mountain Dr, Wausau, WI 54401 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.