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8840 Greenview Dr Middleton, WI 53562

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Rare NNN Lease, Strong Tenant, High NOI

Property size:
39,972 SF

Property Features for 8840 Greenview Dr

General Information

Property type
Distribution centers
Square Feet
39,972 SF
Lot Size
135,036 SF

Building Details

Year Built
1998

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Listing Contact
Deno Bistolarides
Deno Bistolarides

Listing Agent: Deno Bistolarides

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 39,972-square-foot industrial property located at 8840 N Greenview Dr, Middleton, WI 53562. The property, built in 1998 and situated on 3.1 acres, boasts a compelling combination of features, including 18,380 square feet of office space and 21,592 square feet of industrial space. A significant highlight is the specialized facility, featuring multiple cleanrooms and lab space, with a high-quality industrial finish (excluding a small loading dock area). The Class 10,000 square-foot cleanroom is crucial for the tenant's manufacturing processes. The property is currently 100% occupied under an absolute triple-net (NNN) lease with a corporate guarantee, offering zero landlord responsibilities. The lease, with a remaining term of 11.5 years, commenced September 7, 2005, and expires May 19, 2036, featuring annual rental escalations. The asking price is $6,700,000, representing a 7.56% cap rate and a NOI of $506,516. The tenant, Wi2Wi, a global manufacturer of wireless connectivity, timing, and frequency control devices, demonstrates a strong commitment with a recent 12-year lease extension. The property benefits from its location in a thriving business park within a high-income area; Middleton is a suburban city near Madison, Wisconsin. This offering presents a secure, long-term investment with significant upside potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Middleton
County
Dane
State
Wisconsin
Longitude
-89.5428368
Latitude
43.099751

FAQs

What type of property is this?
Distribution center - Rare NNN Lease, Strong Tenant, High NOI
Where is this distribution center located?
The property is located at 8840 Greenview Dr Middleton, WI.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: $6,700,000 asking price, 7.56% cap rate, and $506,516 NOI.; Absolute NNN net lease with corporate guarantee, 11.5 years remaining on a 30.7-year lease.; 39,972 SF building on 3.1 acres; 18,380 SF office, 21,592 SF industrial space.
More about this property
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