3450 E Main St Merrill, WI 54452
NNN leased Take 5 in Merrill, Wisconsin for sale.
Type:Retail
Property size:
1,533 SFPrice / SF:
$472/SF- Added:
- Feb 19, 2024
- Days on Market:
- 801
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 3450 E Main St
General Information
- Standard status
- Active
- Size
- 1,533 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing agent Matthew Mousavi License #CA 01732226
Listing office SRS Real Estate Partners Newport Beach
Listing date Feb 19, 2024
Source Crexi
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 SRS Real Estate Partners Newport Beach
Overview
Freestanding Take 5 Investment Property
This freestanding Take 5 investment property is available for purchase in Merrill, Wisconsin. The property is an absolute NNN leased investment. The tenant, Take 5 Properties SPV LLC, has 10 years remaining on their initial lease, with options to extend for 3 additional 5-year terms. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Take 5 has more than 900 company-owned and franchised service centers throughout the United States and Canada. The property is located near the intersection of E. Main St. and U.S Hwy 51, which has a combined traffic count of 27,500 vehicles per day. The asset is an outparcel to a Tractor Supply anchored center that also includes a McDonald’s. The property is located in a dense retail corridor, with nearby national tenants including Walmart Supercenter, Walgreens, Taco Bell, Culver’s, Dollar Tree, Arby’s, and O’Reilly Auto Parts. The site benefits from close proximity to Aspirus Merrill Hospital (25 Beds). The 5-mile trade area is supported by over 13,000 residents and 7,000 employees. Residents within a 5-mile radius of the subject property have an average household income of $76,882. The property size is 1,533 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Take 5 Oil ...
Auto Repair Shop
Similar Places Nearby
- Caliber Collision — 2602 E Main St, Merrill, WI 54452
- Zelich Customs Merrill — 2213 E Main St, Merrill, WI 54452
- Power House Lawn & Leisure, Inc. — 2500 E Main St, Merrill, WI 54452
- Take 5 Oil Change — 3450 E Main St, Merrill, WI 54452
- One Way Collision Center — 2602 E Main St, Merrill, WI 54452
Location Insight
- Map
- Local Demand
- City
- Merrill
- County
- Lincoln
- State
- Wisconsin
- Longitude
- -89.6507276
- Latitude
- 45.1786543
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN leased Take 5 in Merrill, Wisconsin for sale.
Where is this auto shop located?
The property is located at 3450 E Main St Merrill, WI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Absolute NNN lease provides a completely passive investment with zero landlord responsibilities.; Tenant has 10 years remaining on the initial lease term with 3 (5‑year) options to extend.; Lease includes 10% rental increases every 5 years, providing steady NOI growth.
