4600 Rib Mountain Dr Wausau, WI 54401

Building Details

Year Built

2017

Listing agency Legacy Real Estate L***@legacycrea.com Show Phone

Listed by Leandra Marcus · License ##6501439800

Source Legacycrea

Added: Mar 6 Updated: Jul 10 at 1:00PM Checked: Jul 19 at 3:36AM

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Investment Insights

Based on property information with market context.

This single-tenant, freestanding retail property is occupied by Dick's Sporting Goods (NYSE: DKS), an investment-grade tenant (Moody's: Baa3). The property features an NN+ lease structure with minimal landlord responsibilities and a transferrable roof warranty with 9 years remaining. Situated in Wausau's main retail hub, the location benefits from consumer draw and crossover shopping. The surrounding area includes a mix of nationally recognized tenants such as Walmart Supercenter, Sam's Club, Aldi, Ulta, TJ Maxx, Hobby Lobby, Best Buy, Texas Roadhouse, Red Robin, Culver's, McDonald's, Starbucks, and Dunkin. The trade area has over 65,490 residents within a 5-mile radius and an average household income of $95,993 within a 1-mile radius. Daytime employees exceed 49,590 within the 5-mile radius. More than 19,500 vehicles pass the site daily along Rib Mountain Drive. The property benefits from excellent exposure and pylon signage to Hwy-29, which experiences more than 50,000 vehicles daily. According to Placer.ai, the location is ranked in the top 22% nationwide per visits.

Key Highlights

• Single tenant freestanding Dick's Sporting Goods (NYSE: DKS)
• Investment grade tenant (Moodys: Baa3)
• NN+ lease structure with minimal landlord responsibilities

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FAQs

What type of property is this?

Retail space - Single tenant retail property in Wausau's main retail hub.

Where is this retail space located?

The property is located at 4600 Rib Mountain Dr Wausau, WI.

What is the asking price?

The asking price for this property is $7,134,146.

What are key features of this property?

This property features: Single tenant freestanding Dick's Sporting Goods (NYSE: DKS); Investment grade tenant (Moodys: Baa3); NN+ lease structure with minimal landlord responsibilities