1700 Us-51 Wausau, WI 54401
- Retail properties
- 10,843 SF
Current Use by Public Records
- Retail properties
Property Details for 1700 Us-51
- Year built
- 1992
- Property size
- 10,843 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 10,843-square-foot auto shop located at 1700 US-51 in Wausau, Wisconsin. The property, built in 1992 and situated on a large site, boasts excellent visibility and accessibility, benefiting from its location directly across from North Central Technical College's expansive campus. The high-traffic area sees approximately 19,500 vehicles daily. Currently leased to Caliber Collision, the nation's largest collision repair company, the property is under a strong 11-year NNN lease (commencing September 1, 2022, and expiring August 31, 2033), with a remaining term of approximately 8.8 years. The lease includes a 10% rent escalation clause every five years and an option for a further 12-year extension. The building, originally constructed to rigorous Toyota dealership standards, has undergone recent renovations, resulting in a virtually new facility incorporating the latest technological advancements. The asking price is $2,400,000, translating to $221.34 per square foot. The property's Commercial zoning and APN 291-2907-221-0132 further enhance its investment appeal. This is a single-tenant property with a strong, established tenant and a long-term lease, making it an attractive addition to any commercial real estate portfolio. The property's prime location and the tenant's national prominence contribute to its significant investment potential.
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
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6519
- Latitude
- 44.9859
