4656 Calumet Ave Manitowoc, WI 54220

This exceptional investment opportunity presents a fee-simple owned, 2,900 square foot Jiffy Lube located at 4656 Calumet Ave, Manitowoc, WI 54220. Built in 2021, this single-story building sits on a 32,670 square foot lot and boasts a 100% occupancy rate with a corporate-guaranteed lease. The current lease, commencing January 1, 2021, and expiring January 31, 2036, has a remaining term of 11.2 years, with five 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property's absolute triple-net (NNN) lease structure eliminates all landlord responsibilities. With a current NOI of $171,674 and an asking price of $3,105,060, this property offers a compelling 5.53% cap rate. The strong tenant, Jiffy Lube, provides financial stability and a proven business model. The property benefits from excellent demographics, retail synergy, and high traffic counts in the Manitowoc area. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term potential. The property is offered as a 1031 exchange opportunity.