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Chetek Express 612 Dallas St

3,396 SF Retail Building Chetek, WI 54728 $1,600,000 ($471/SF) 8% Cap Rate

Investment Highlights

  • Absolute NNN Portfolio Sale-Leaseback – Properties Available as a portfolio or individually.
  • The operator’s team has extensive experience operating gas stations throughout the Midwest, with 130+ stores currently under management.
  • The property features a gas station with diesel, fully-stocked convenience store, car wash, and auto parts/auto repair store.
  • Lease is personally guaranteed by a high net worth, experienced gas station operator with a large and growing real estate portfolio (60+ properties).
  • Property has consistently reported increased revenue annually. Financials available for review.
  • The property features a gas station with diesel, fully-stocked convenience store, car wash, and auto parts/auto repair store.

Executive Summary

Matthews Real Estate Investment Services™ presents the exclusive listing of 6 absolute NNN gas stations for a large, experienced gas station operator based in the Midwest. These properties exhibit healthy performance ratios, and present an exciting opportunity for passive investors looking for high returns with annual rent increases from a successful operator. Additionally, each property has seen consistent increases in revenue year over year since changing ownership.

Lease Term: 20 Years (Commences on Close of Escrow)
Annual Rent Increases: 1.5%
Lease Type: Absolute NNN (Zero Landlord Responsibilities)

2789 22nd St, Rice Lake, WI - $2,000,000
2671 27th St, Mikana, WI - $800,000
612 Dallas St, Chetek, WI - $1,600,000
425 3rd St, Cornell, WI - $900,000
23150 Whitehall Rd, Independence, WI - $1,050,000
35194 Diagonal St, Independence, WI - $850,000

Matt Fitzgerald
License No. 938105-91 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Sale Conditions
Sale Leaseback
Property Type
Retail
Property Subtype
Service Station
Building Size
3,396 SF
Building Class
C
Year Built/Renovated
1996/2024
Price
$1,600,000
Price Per SF
$471
Cap Rate
8%
NOI
$128,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.60 AC

Nearby Major Retailers

Nicolet National Bank
County Market
Caribou Coffee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
211-1023-14-000
Land Assessment
$50,400
Improvements Assessment
$168,100
Total Assessment
$218,500
  • Listing ID: 34402942

  • Date on Market: 1/7/2025

  • Last Updated:

  • Address: 612 Dallas St, Chetek, WI 54728

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