Building Details

Building Size 2,492 SF

Listing Agency: Real Broker LLC w***@therealbrokerage.com Show Phone

Listed By: Chad Nelson · License #8233094 Show Phone

Source: Freedom-choice

Added: May 12 Changed: Oct 26 Last Checked: Oct 26 at 3:56AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Tex’s Too is a grocery and specialty food business at 723 Milwaukee Road in Clinton, Wisconsin. Its offerings include specialty meats and cheeses, ethnic foods, beer and liquor, lottery sales, and prepared lunch specials. The sale includes the real estate and business, along with equipment, fixtures, shelving, and freezers used in daily operations; inventory and perishables are subject to negotiation.

An on-site car wash is also part of the property, though it is not currently operating.

Key Highlights

• Business and real estate are included in the sale
• Store offerings include specialty meats and cheeses, ethnic foods, beer and liquor, lottery sales, and prepared lunch specials
• Included operating items comprise equipment, fixtures, shelving, and freezers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,321

Cap Rate

6.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$786,420 $786.4K

Cap Rate 7%

$561,729 $561.7K

Cap Rate 9%

$436,900 $436.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,492 SF

Gross rent

$53.8K $21.60/SF

− Vacancy

−$1.4K −$0.56/SF

EGI

$52.4K $21.04/SF

− OpEx

−$13.1K −$5.26/SF

NOI

$39.3K $15.78/SF

Area

Rock County, WI

Vacancy

2.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$786,420

Cap Rate 7%

$561,729

Cap Rate 9%

$436,900

Alternative Uses

Best Use

Specialty Retail

$561.7K

$491.5K – $655.4K (±1% cap)

NOI $39,321 @ 7.0% cap · market cap 6.61%

Second Best

Retail

$429.7K

$376.0K – $501.3K (±1% cap)

NOI $30,080 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$598.8K

$524.0K – $698.7K (±1% cap)

NOI $41,919 @ 7.0% cap · market cap 7.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

Turnkey business

Opportunity

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

175

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53525, WI

4,028

Population

1,771

Households

2.3

Avg Household Size

42

Median Age

20%

College-Educated

92%

High-School Grad

57.0 sq mi

ZIP Area

71

Density / Sq Mi

$72,991

Median Household Income

$43,739

Median Earnings

$1,036

Median Rent

$229,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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28,900 SF

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140,000 SF Industrial Warehouse

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$4,950,000

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Similar Off Market Nearby

• Country Pride Meats — 109 Church St, Clinton, WI 53525

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The operating business and real estate are offered together with store equipment, fixtures, shelving, and freezers.

Where is this grocery and convenience store located?

The property is located at 723 Milwaukee Road Clinton, WI.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Business and real estate are included in the sale; Store offerings include specialty meats and cheeses, ethnic foods, beer and liquor, lottery sales, and prepared lunch specials; Included operating items comprise equipment, fixtures, shelving, and freezers