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    5373 Us-10 Stevens Point, WI 54482

    For Sale
    $1,595,000

    NNN Leased Shoe Store, High ROI

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional retail investment opportunity presents a 11,000 square foot storefront located at 5373 US-10, Stevens Point, WI 54482. The property, built in 1992 and renovated in 2023, boasts a strong tenant in Rogan's, a Shoe Carnival company, under a 15-year NNN lease with 9 years remaining and two 5-year options to extend. The asking price is $1,595,000, translating to $145 per square foot. The property features a single-story building and benefits from a new roof installed in 2022. This location enjoys excellent visibility and accessibility, situated in a thriving retail corridor alongside major national brands such as Target, Staples, Fleet Farm, Best Buy, Kohl's, Aldi, and Walmart. The Stevens Point area is known for its recreational opportunities, attracting a robust and diverse customer base. This presents a compelling investment opportunity with a stable, long-term lease and significant upside potential in a desirable Wisconsin location. The property's strong tenant, recent renovations, and prime location make it an attractive addition to any portfolio. This is a rare chance to acquire a well-established, income-producing retail property in a growing market. Don't miss this chance to secure a valuable asset with a proven track record.

    Property Features for 5373 Us-10

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,000 SF

    Building Details

    Year Built/Renovated
    1992/2023
    Buildings
    1
    Stories
    1

    HighLights

    • Shoe Carnival (Rogan's) tenant.
    • 15‑year lease, 9 years remaining, two 5‑year options.
    • New roof installed in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.5197541
    Latitude
    44.5226225

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    FAQs

    What type of property is this?
    Individual retail property - NNN Leased Shoe Store, High ROI
    Where is this individual retail property located?
    The property is located at 5373 Us-10 Stevens Point, WI.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: Shoe Carnival (Rogan's) tenant.; 15-year lease, 9 years remaining, two 5-year options.; New roof installed in 2022.
    Request Owner's contact information
    5373 Us-10 Stevens Point, WI 54482
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5373 Us-10 Stevens Point, WI 54482
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