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Gas Station with NNN Lease
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2789 22nd Street, Rice Lake, WI 54868

Secured by a new 15-year master lease with 2% annual rent increases.

Property SizeContact for details
Days on Market71

Property Features for 2789 22nd Street

General Information

Standard status Active
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $285,000

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Units 2
Tenancy Single
Listing Agency: Brisky Net Lease
Listed By: Brian Brisky · License #WI 56114
Source: Crexi
Added: Jul 6 Changed: Sep 9 Last Checked: Sep 13 at 8:25AM

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 Brisky Net Lease

Investment Insights

Based on property information with market context.

This gas station property contains 7,874 square feet and is offered as part of a portfolio package with a second location at 2671 27th St, Mikana, WI. The portfolio is secured by a new 15-year absolute NNN master lease with 2% annual rent increases.

The locations are positioned along well-traveled highway and arterial corridors with dual access, visibility, and signage. The package includes 2789 22nd St, Rice Lake, WI, and 2671 27th St, Mikana, WI. The surrounding markets are described as secondary and tertiary Midwest markets with steady population growth and approximately 3% vacancy.

Key Highlights

  • 7,874‑square‑foot gas station property
  • New 15‑year absolute NNN master lease
  • 2% annual rent increases

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Grocery & Convenience Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 54868, WI

15,785
Population
7,640
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
212.0 sq mi
ZIP Area
74
Density / Sq Mi
$64,567
Median Household Income
$40,474
Median Earnings
$850
Median Rent
$199,300
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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Gas station - Secured by a new 15-year master lease with 2% annual rent increases.
Where is this gas station located?
The property is located at 2789 22nd Street Rice Lake, WI.
What is the asking price?
The asking price for this property is $3,677,419.
What are key features of this property?
This property features: 7,874‑square‑foot gas station property; New 15‑year absolute NNN master lease; 2% annual rent increases
(612) 413-4200 Call to check price and availability
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