1108 14th St Sheboygan, WI 53081-3213

Property Details for 1108 14th St

Lot size

1.52 lot acres

Zone code

BB2

Property type

Commercial real estate

APN

59281204952

APU

59281204952

Description

Exceptional investment opportunity: This 14,200 square foot CVS Pharmacy in Sheboygan, Wisconsin, presents a compelling net lease investment. Boasting a 16.2-year remaining lease term (expiring January 31, 2041) with a creditworthy tenant, this property offers significant long-term stability and predictable cash flow. The absolute NNN lease structure eliminates landlord responsibilities, while ten 5-year lease options with rent increases provide substantial future value appreciation. Located on a 1.52-acre corner lot at a signalized intersection with high visibility (16.6K+ VPD on North 14th St and 16.4K+ VPD on Erie Ave), the property benefits from its strategic placement near popular retailers like Starbucks, Domino's, and Burger King, as well as educational institutions and recreational amenities. The property's proximity to The Vollrath Company, a major regional employer, further enhances its desirability. Built in 2015, this single-building property offers a 5.57% cap rate and a strong NOI of $288,583. The asking price is $5,181,000, translating to $364.86 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a blue-chip tenant in a thriving commercial area.