Harley-Davidson
New
For Sale
Contact for pricing
24 South Rolling Meadows Drive, Fond du Lac, WI 54937
The single-tenant property is structured for an absolute NNN lease at closing.
Property Size34,289 SF
Price / SF$168.95
Days on Market6
Property Features for 24 South Rolling Meadows Drive
General Information
Standard status
Active
Size
34,289 SF
Property subtype
Retail
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
OnPace Partners
Listed By:
Liam Rowan · License #GA 435430
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 4:22AM
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 OnPace Partners
Investment Insights
Based on property information with market context.
Built in 2001 for Harley-Davidson operations, this 34,289-square-foot dealership has remained in that use at the same Fond du Lac address for roughly 25 years. The single-tenant offering includes an absolute NNN lease to be executed at closing, with a 20-year primary term and five renewal options. Rent increases 2.25% annually during the primary term and renewal periods. Tenant responsibilities include taxes, insurance, common areas, roof and structure, repairs and maintenance, HVAC, and utilities.
At 24 South Rolling Meadows Drive, the property sits along the western edge of Fond du Lac’s primary retail corridor, with visibility from Interstate 41. The dealership has a 4.8-star rating based on more than 1,600 reviews and serves as the anchor for an active Harley Owners Group chapter.
At 24 South Rolling Meadows Drive, the property sits along the western edge of Fond du Lac’s primary retail corridor, with visibility from Interstate 41. The dealership has a 4.8-star rating based on more than 1,600 reviews and serves as the anchor for an active Harley Owners Group chapter.
Key Highlights
- 34,289‑square‑foot Harley‑Davidson dealership built in 2001
- Operating as a Harley‑Davidson dealership at this address for roughly 25 years
- 20‑year absolute NNN lease at closing, with five renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$201,331
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,026,620
$4.0M
Cap Rate 7%
$2,876,157
$2.9M
Cap Rate 9%
$2,237,011
$2.2M
Market Conditions
NOI Build-Up for 34,289 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$308.6K $9.00/SF
− Vacancy
−$21.0K −$0.61/SF
EGI
$287.6K $8.39/SF
− OpEx
−$86.3K −$2.52/SF
NOI
$201.3K $5.87/SF
Area
Fond du Lac County, WI
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,026,620
Cap Rate 7%
$2,876,157
Cap Rate 9%
$2,237,011
Alternative Uses
Best Use
Industrial
$2.88M
$2.52M – $3.36M
NOI $201,331 @ 7.0% cap · market cap 3.48%
Second Best
Retail
$2.21M
$1.93M – $2.58M
NOI $154,521 @ 7.0% cap · market cap 2.67%
Theoretical Best
Multifamily LT 5
$33.04M
$28.91M – $38.55M
NOI $2,312,862 @ 7.0% cap · market cap 39.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
120k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 43%
Electronics 8%
Hotels & Casinos 2%
Kwik Trip
Shops & Services
47,506 visits/mo
0.5 miles
Culver's
Dining
28,811 visits/mo
0.4 miles
Arby's
Dining
12,071 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
11,781 visits/mo
0.4 miles
GameStop
Electronics
6,427 visits/mo
0.5 miles
Demographics for 54937, WI
21,333
Population
9,473
Households
2.3
Avg Household Size
43
Median Age
25%
College-Educated
93%
High-School Grad
120.1 sq mi
ZIP Area
178
Density / Sq Mi
$79,212
Median Household Income
$48,213
Median Earnings
$1,097
Median Rent
$262,000
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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Automotive property - The single-tenant property is structured for an absolute NNN lease at closing.
Where is this automotive property located?
The property is located at 24 South Rolling Meadows Drive Fond du Lac, WI.
What is the asking price?
The asking price for this property is $5,793,103.
What are key features of this property?
This property features: 34,289‑square‑foot Harley‑Davidson dealership built in 2001; Operating as a Harley‑Davidson dealership at this address for roughly 25 years; 20‑year absolute NNN lease at closing, with five renewal options
