Two-Tenant NNN Retail
For Sale
Contact for pricing
2400 Lake Shore Dr E, Ashland, WI 54806
Fully occupied outparcel positioned within Walmart’s surrounding retail environment in Ashland, Wisconsin.
Property SizeContact for details
Days on Market143
Property Features for 2400 Lake Shore Dr E
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Additional Details
Anchor Co-Tenants
Walmart Supercenter
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 8:59PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This retail asset is occupied by two tenants under triple-net lease structures, providing an established multi-tenant configuration. Verizon has operated at the property since 2012, with its current lease extending through November 2024. The second tenant renewed for an additional five-year term ending in April 2026.
The building is located on a Walmart Supercenter outparcel, with nearby traffic generators including O’Reilly Auto Parts, Kwik Trip, Ashland Honda/Toyota, Culver’s, Maurices, Northland College, and Tractor Supply. The property is in Ashland, Wisconsin, a Lake Superior community that attracts seasonal visitors for fishing, camping, and other outdoor activities. Approximately 9,000 people live within five miles of the property.
The building is located on a Walmart Supercenter outparcel, with nearby traffic generators including O’Reilly Auto Parts, Kwik Trip, Ashland Honda/Toyota, Culver’s, Maurices, Northland College, and Tractor Supply. The property is in Ashland, Wisconsin, a Lake Superior community that attracts seasonal visitors for fishing, camping, and other outdoor activities. Approximately 9,000 people live within five miles of the property.
Key Highlights
- 100% occupied by two tenants on triple‑net leases
- Verizon has operated at the property since 2012
- Current Verizon lease expires in November 2024
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 49%
Shops & Services 28%
Dining 20%
Electronics 3%
Walmart
Superstores
37,806 visits/mo
0.2 miles
Kwik Trip
Shops & Services
19,009 visits/mo
0.1 miles
Culver's
Dining
15,361 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,445 visits/mo
0.3 miles
Verizon
Electronics
2,310 visits/mo
0.0 miles
Demographics for 54806, WI
11,492
Population
5,599
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
96%
High-School Grad
288.9 sq mi
ZIP Area
40
Density / Sq Mi
$59,556
Median Household Income
$37,388
Median Earnings
$709
Median Rent
$172,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied outparcel positioned within Walmart’s surrounding retail environment in Ashland, Wisconsin.
Where is this nnn property located?
The property is located at 2400 Lake Shore Dr E Ashland, WI.
What are key features of this property?
This property features: 100% occupied by two tenants on triple‑net leases; Verizon has operated at the property since 2012; Current Verizon lease expires in November 2024
