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725 Energy St

6,500 SF Retail Building Baldwin, WI 54002 $1,160,000 ($178/SF) 7.58% Cap Rate

Investment Highlights

  • right off of I-94 with tons of daily traffic
  • Great tenants
  • Building built within the last 5 years

Executive Summary

Investment opportunity on a 6,500 sq ft building on 1.43 acres, just off of exit 19 on I-94. High traffic area from location next to freeway. Rent increase in December of 2025 of $541/ month until end of lease in December of 2029. There are two extension options, of 5 years a piece, both with rent increases. The lease is triple net, and current cap rate of 7.84%.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,500 SF
Building Class
C
Year Built
2019
Price
$1,160,000
Price Per SF
$178
Cap Rate
7.58%
NOI
$87,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.42 AC
Zoning
Highway Commercial
Frontage
309 FT on Energy Street

Amenities

  • Signage
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 6,500 SF
  • -
  • Triple Net
  • Dec 2029

Anytime Fitness began in Minnesota in 2002. Their co-founders, Chuck Runyon and Dave Mortensen, recognized an opportunity to provide consumers with a clean, quality workout experience in a convenient, gym setting. Though they had their doubters, the years since have seen Anytime Fitness grow to many gyms in countries serving many members. In the midst of challenging economic climates, Anytime Fitness has achieved remarkable and steady growth, opening clubs each of the past nine years. During that same time, Anytime Fitness expanded in new international markets including: Mexico, Australia, New Zealand, England, Scotland, The Republic of Ireland, Poland, the Netherlands, Japan, India, Chile, Canada, The Cayman Islands, Spain, Malaysia, Singapore, the Philippines, Hong Kong, China, Taiwan, Qatar, Italy and Sweden.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Arts, Entertainment, and Recreation 6,500 SF - Triple Net Dec 2029
  • Listing ID: 31466144

  • Date on Market: 4/10/2024

  • Last Updated:

  • Address: 725 Energy St, Baldwin, WI 54002

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