Single-Tenant NNN Restaurant
New
For Sale
Contact for pricing
517 2nd Street, Hudson, WI 54016
Leased ground-floor condominium with restaurant improvements, seller-owned furnishings, and contractual rent growth.
Property Size4,910 SF
Price / SF$305.50
Days on Market5
Property Features for 517 2nd Street
General Information
Standard status
Active
Size
4,910 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$100,800
Space & Availability
Floor
Ground
Furnished
Yes
Financials
Asking Price
$1,500,000
Cap Rate
6.72%
Additional Details
Equipment Included
Yes
Building Details
Tenancy
Single
Listing Agency:
T Schwartz Group - eXp Realty
Listed By:
Tony Schwartz · License #MN20060914
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 7:29AM
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 T Schwartz Group - eXp Realty
Investment Insights
Based on property information with market context.
This ground-floor commercial condominium contains 4,910 SF of net usable area, together with rights to 2,530 SF of limited common element. The premises are occupied by Kelly's Pub, LLC, a full-service restaurant and bar operator that also provides gaming, event, and catering services. Approximately 90% of the restaurant equipment and furnishings are owned by the seller and transfer with the property.
The investment is structured under a true NNN lease with a five-year firm term running from 4/1/2026 through 3/30/2031. Contractual rent increases are set at 3% annually, and the lease includes two additional five-year renewal options. A personal guaranty provides credit enhancement behind the tenant entity. The property is located at 517 2nd Street in downtown Hudson, Wisconsin, along the St. Croix River commercial corridor.
The investment is structured under a true NNN lease with a five-year firm term running from 4/1/2026 through 3/30/2031. Contractual rent increases are set at 3% annually, and the lease includes two additional five-year renewal options. A personal guaranty provides credit enhancement behind the tenant entity. The property is located at 517 2nd Street in downtown Hudson, Wisconsin, along the St. Croix River commercial corridor.
Key Highlights
- 4,910 SF net usable area plus rights to 2,530 SF of limited common element
- True NNN lease with a five‑year firm term through 3/30/2031
- 3% annual rent escalations and two 5‑year tenant renewal options
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Holiday Station Store
Shops & Services
8,582 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,229 visits/mo
0.1 miles
Marathon
Shops & Services
1,550 visits/mo
0.3 miles
Demographics for 54016, WI
33,198
Population
13,747
Households
2.4
Avg Household Size
42
Median Age
50%
College-Educated
97%
High-School Grad
67.1 sq mi
ZIP Area
495
Density / Sq Mi
$111,402
Median Household Income
$56,734
Median Earnings
$1,431
Median Rent
$425,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased ground-floor condominium with restaurant improvements, seller-owned furnishings, and contractual rent growth.
Where is this nnn property located?
The property is located at 517 2nd Street Hudson, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,910 SF net usable area plus rights to 2,530 SF of limited common element; True NNN lease with a five‑year firm term through 3/30/2031; 3% annual rent escalations and two 5‑year tenant renewal options
