101 4Th St Marshfield, WI 54449
- Commercial real estate
- 1.13 lot acres
Current Use by Public Records
- Habitat For Humanity / Home Builder
- BMO Bank N.A Branches / Bank / Atm
- BMO Harris Bank Mortgage / Mortgage Lender
- BMO Harris / Atm
Property Details for 101 4Th St
- Lot size
- 1.13 lot acres
- Property type
- Commercial real estate
- APN
- 3300991
- APU
- 3300991
Description
This exceptional investment opportunity presents a 22,101 square foot, Class A office building in Marshfield, Wisconsin, currently 100% occupied by a BMO Harris Bank branch under an absolute NNN lease. The property, situated on a 1.13-acre lot at 101 W 4th St, boasts a strong 5.57% cap rate and a substantial net operating income (NOI) of $186,442. Built in 1948 and extensively renovated in 2024, this two-story building features 45 parking spaces and a five-lane drive-thru, ensuring excellent accessibility and visibility. The lease, commencing September 29, 2019, and expiring September 28, 2034, offers a remaining term of 9.9 years with three, five-year renewal options. Rent increases are structured as one percent (1%) plus the year-over-year CPI increase, providing built-in protection against inflation. The tenant, BMO Harris Bank, is a highly creditworthy institution with an A+ (S&P) / A3 (Moody's) rating and over $550 billion in assets. The property is zoned DMU (Downtown Mixed-Use) and benefits from its location on a major commercial thoroughfare. This is a low-maintenance, high-return investment with significant long-term potential, offering a secure and stable income stream. The 2023 deposits exceeded $196 million, representing a 14.8% market share and a 15.6% overall deposit growth since 2018. The recent branch refresh further enhances the property's value and appeal.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Marshfield
- County
- Wood
- State
- Wisconsin
- Longitude
- -90.1757
- Latitude
- 44.6647
- CBSA code
- 49220
- CBSA name
- WISCONSIN RAPIDS-MARSHFIELD, WI MICROPOLITAN STATISTICAL AREA