15779 Us-63 Hayward, WI 54843
- Retail properties
- 3,824 SF
- 0.42 lot acres
Current Use by Public Records
- Retail properties
Property Details for 15779 Us-63
- Year built
- 1980
- Lot size
- 0.42 lot acres
- Property size
- 3,824 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 3,824 square foot retail building situated on a 0.42-acre lot in Hayward, Wisconsin. The property boasts a 9% cap rate and is currently 100% occupied by a NAPA Auto Parts store, a corporate-owned tenant with a strong 30+ year history at this location and a new 5-year lease with three, 5-year renewal options. The building, constructed in 1980, is a single-story structure with ample parking (1,000 spaces per 1,000 sq ft). The property is strategically located on a hard corner of US Highway 63, ensuring high visibility and accessibility. A secondary tenant, R3 Racing, occupies a portion of the building, further diversifying the income stream. The property's Assessed Property Number (APN) is 236-941-22-3422. This is a net lease, minimizing landlord responsibilities and maximizing return on investment. The asking price for this prime retail investment is $589,000. This property offers a rare combination of strong tenant occupancy, a desirable location, and a high-yielding cap rate, making it an ideal addition to any investment portfolio. The property is located at 15779 US-63, Hayward, WI 54843.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Sawyer
- State
- Wisconsin
- Longitude
- -91.4819
- Latitude
- 46.0143
