Absolute NNN Medical
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For Sale
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840 Bear Paw Avenue, Rice Lake, WI 54868
Purpose-built healthcare facility completed in 2018 with a long-term lease and renewal options.
Property Size7,130 SF
Price / SF$252.45
Days on Market6
Property Features for 840 Bear Paw Avenue
General Information
Standard status
Active
Size
7,130 SF
Class
C
Total Parking Spaces
45
Property subtype
Office
Net Operating Income
$126,290
Additional Details
Cap Rate
7%
Building Details
Year Built
2018
Buildings
1
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Ultra Commercial Realty
Listed By:
Amber Cernohous · License #60261 - 90
Source:
Crexi
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 4 at 4:48AM
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 Ultra Commercial Realty
Investment Insights
Based on property information with market context.
This 7,130-square-foot medical office property at 840 Bear Paw Avenue in Rice Lake, Wisconsin, was completed in 2018 as a purpose-built healthcare facility. The property is occupied by medical providers and is configured as a single-tenant asset under an absolute NNN lease.
The current lease runs through May 31, 2031, and includes two additional five-year renewal options. The lease structure assigns responsibility for taxes, insurance, maintenance, and capital expenditures to the tenant. The property is offered at a 7.00% capitalization rate and provides a modern medical-use building with defined lease terms and an established healthcare occupancy.
The current lease runs through May 31, 2031, and includes two additional five-year renewal options. The lease structure assigns responsibility for taxes, insurance, maintenance, and capital expenditures to the tenant. The property is offered at a 7.00% capitalization rate and provides a modern medical-use building with defined lease terms and an established healthcare occupancy.
Key Highlights
- 7,130 SF medical office property completed in 2018
- Absolute NNN lease structure
- Lease term extends through May 31, 2031
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.8k | $17.64 |
| − Vacancy | −$27.7k | −$3.88 |
| EGI | $98.1k | $13.76 |
| − OpEx | −$24.5k | −$3.44 |
| NOI | $73.6k | $10.32 |
7,130 SF · lease $17.64/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$919.7K – $1.23M
NOI $73,577 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$1.01M
$885.6K – $1.18M
NOI $70,844 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$5.73M
$5.01M – $6.68M
NOI $401,013 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built healthcare facility completed in 2018 with a long-term lease and renewal options.
Where is this medical office space located?
The property is located at 840 Bear Paw Avenue Rice Lake, WI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,130 SF medical office property completed in 2018; Absolute NNN lease structure; Lease term extends through May 31, 2031
