1407 Central Ave Marshfield, WI 54449-1510

Property Details for 1407 Central Ave

Lot size

0.86 lot acres

Property type

Commercial real estate

APN

3303217A

APU

3303217A

Description

This exceptional investment opportunity presents a newly constructed (2024), 1,664 square foot Valvoline auto shop situated on a 0.86-acre lot in Marshfield, Wisconsin. The property boasts a 15-year absolute net ground lease with zero landlord responsibilities, ensuring a passive income stream. Valvoline Inc., a nationally recognized brand with a strong track record of growth, guarantees the lease. The property benefits from significant rental increases (10% every 5 years) throughout the lease term and four option periods. Located on a high-traffic intersection (nearly 20,000 vehicles daily) along North Central Avenue (State Hwy 97), the property enjoys prime visibility within Marshfield's main retail corridor. This corridor features a high concentration of national retailers, including a nearby shopping center (Marshfield Town Centre) with major brands like Hobby Lobby, Kohl's, and Ross Dress for Less, driving substantial foot traffic. The property's strategic location, strong tenant, and favorable lease terms make it an attractive investment with a 5.75% cap rate and $89,000 NOI. The asking price is $1,548,000 ($930.29/sq ft). The property features one pylon sign and two convenient points of access. All property taxes, insurance, and maintenance are the responsibility of the tenant. This is a low-basis investment with significant upside potential due to the built-in rental escalations and the strong performance of the tenant and surrounding retail environment.

Location Insight

City

Marshfield

County

Wood

State

Wisconsin

Longitude

-90.1639

Latitude

44.6799

CBSA code

49220

CBSA name

WISCONSIN RAPIDS-MARSHFIELD, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments