Noodles & Company NNN
For Sale
Contact for pricing
2001 8th Street South, Wisconsin Rapids, WI 54494
Restaurant positioned on a hard-corner outparcel within an Anytime Fitness-anchored retail center.
Property Size4,030 SF
Price / SF$276.67
Days on Market56
Property Features for 2001 8th Street South
General Information
Standard status
Active
Size
4,030 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$72,500
Site & Location
Traffic Count
19,300 vehicles/day
Highway Access
Yes
Building Details
Year Renovated
2024
Tenancy
Single
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Thomas Ladt · License #CA 01803956
Source:
Crexi
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 12 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - San Diego - Carlsbad, California
Investment Insights
Based on property information with market context.
The 4,030-square-foot restaurant occupies a hard-corner outparcel within a retail center anchored by Anytime Fitness. The offering includes an NNN lease structure and places the property along a retail corridor with reported exposure to 19,300 VPD.
Highways 54-13 and 73 provide connections throughout Wisconsin, with Madison 108 miles away and Milwaukee 162 miles away. The surrounding retail environment includes Pick’n Save, Walmart, Aldi, PetSmart, Marshalls, McDonald’s, Starbucks, AutoZone, and Tractor Supply Company.
The primary trade area includes 39,342 residents. Six hotels are located within 1.5 miles, and nearby K-12 schools account for 3,090 combined students. The surrounding retail market is reported at a 4% vacancy rate.
Highways 54-13 and 73 provide connections throughout Wisconsin, with Madison 108 miles away and Milwaukee 162 miles away. The surrounding retail environment includes Pick’n Save, Walmart, Aldi, PetSmart, Marshalls, McDonald’s, Starbucks, AutoZone, and Tractor Supply Company.
The primary trade area includes 39,342 residents. Six hotels are located within 1.5 miles, and nearby K-12 schools account for 3,090 combined students. The surrounding retail market is reported at a 4% vacancy rate.
Key Highlights
- 4,030‑square‑foot restaurant on a hard‑corner outparcel
- NNN lease structure within an Anytime Fitness‑anchored center
- Reported exposure to 19,300 VPD along the retail corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,728
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,560
$1.1M
Cap Rate 7%
$781,829
$781.8K
Cap Rate 9%
$608,089
$608.1K
Market Conditions
NOI Build-Up for 4,030 SF
Gross rent
$76.4K $18.96/SF
− Vacancy
−$3.4K −$0.85/SF
EGI
$73.0K $18.11/SF
− OpEx
−$18.2K −$4.53/SF
NOI
$54.7K $13.58/SF
Area
Wood County, WI
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,560
Cap Rate 7%
$781,829
Cap Rate 9%
$608,089
Alternative Uses
Best Use
Specialty Retail
$781.8K
$684.1K – $912.1K
NOI $54,728 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$411.2K
$359.8K – $479.7K
NOI $28,783 @ 7.0% cap · market cap 2.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
19,300 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
288k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 24%
Groceries 18%
Apparel 11%
Kwik Trip
Shops & Services
37,482 visits/mo
0.5 miles
Pick 'n Save
Groceries
32,796 visits/mo
0.2 miles
McDonald's
Dining
26,449 visits/mo
0.0 miles
Culver's
Dining
22,292 visits/mo
0.4 miles
Marshalls
Apparel
20,317 visits/mo
0.3 miles
Demographics for 54494, WI
27,420
Population
13,110
Households
2.1
Avg Household Size
47
Median Age
23%
College-Educated
95%
High-School Grad
125.3 sq mi
ZIP Area
219
Density / Sq Mi
$71,087
Median Household Income
$43,800
Median Earnings
$954
Median Rent
$170,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant positioned on a hard-corner outparcel within an Anytime Fitness-anchored retail center.
Where is this conventional restaurant located?
The property is located at 2001 8th Street South Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $1,115,000.
What are key features of this property?
This property features: 4,030‑square‑foot restaurant on a hard‑corner outparcel; NNN lease structure within an Anytime Fitness‑anchored center; Reported exposure to 19,300 VPD along the retail corridor
