Renovated NNN Specialty
For Sale
Contact for pricing
2250 PENNSYLVANIA AVE, Madison, WI 53704
Fully leased animal-services facility with extended lease term, recent building upgrades, and IL zoning.
Property Size10,475 SF
Lot Size0.80 Acres
Price / SF$128.88
Days on Market63
Property Features for 2250 PENNSYLVANIA AVE
General Information
Standard status
Active
Size
10,475 SF
Lot size
0.80 Acres
Property subtype
Retail, Industrial, Special Purpose
Zoning
IL (Industrial-Limited)
Occupancy
100%
Lease Type
NNN
Net Operating Income
$111,129
Financials
Asking Price
$1,350,000
Cap Rate
8.2%
Additional Details
Highway Access
Yes
Building Details
Year Built
1965
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Conrad Development
Listed By:
William Butcher · License #WI
(608) 345-1296
Source:
Crexi
Added: Jul 3
Changed: Sep 2
Last Checked: Aug 31 at 1:06AM
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 Conrad Development
Investment Insights
Based on property information with market context.
Located at 2250 Pennsylvania Avenue, this 10,475-square-foot commercial property occupies a 0.80-acre infill parcel and is classified under IL (Industrial-Limited) zoning. The building dates to 1965 and has undergone substantial improvements, including a new roof, complete HVAC replacement, updated gutters, insulation, plumbing, stucco work, and parking lot resurfacing and striping. The animal-services use is occupied by Luna Pet Resorts, with a corporate guarantee from Wags N Whiskers.
The NNN lease runs through December 31, 2031, with two five-year renewal options extending through 2041 and 3.0% annual escalators. The tenant is responsible for real estate taxes, insurance, utilities, routine maintenance, and CAM. The property is approximately 2 miles from Capitol Square and 2.7 miles from Dane County Regional Airport, with access to Hwy 30/151. A proposed redevelopment is advancing next door, while Madison Public Market is planned approximately 0.3 miles south.
The NNN lease runs through December 31, 2031, with two five-year renewal options extending through 2041 and 3.0% annual escalators. The tenant is responsible for real estate taxes, insurance, utilities, routine maintenance, and CAM. The property is approximately 2 miles from Capitol Square and 2.7 miles from Dane County Regional Airport, with access to Hwy 30/151. A proposed redevelopment is advancing next door, while Madison Public Market is planned approximately 0.3 miles south.
Key Highlights
- 10,475 SF commercial building on a 0.80‑acre infill parcel
- NNN lease through December 31, 2031, with two 5‑year options to 2041
- 3.0% annual rent escalators with tenant‑paid taxes, insurance, utilities, maintenance and CAM
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 53704, WI
47,066
Population
22,740
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,149
Density / Sq Mi
$75,007
Median Household Income
$47,665
Median Earnings
$1,231
Median Rent
$289,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased animal-services facility with extended lease term, recent building upgrades, and IL zoning.
Where is this nnn property located?
The property is located at 2250 PENNSYLVANIA AVE Madison, WI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10,475 SF commercial building on a 0.80‑acre infill parcel; NNN lease through December 31, 2031, with two 5‑year options to 2041; 3.0% annual rent escalators with tenant‑paid taxes, insurance, utilities, maintenance and CAM
