4656 Calumet Ave, Manitowoc, WI 54220
- Auto shops
- 2,900 SF
Current Use by Public Records
- Jiffy Lube / Auto Repair Shop
Property Details for 4656 Calumet Ave
- Year built
- 2021
- Property type
- Auto shops
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 6, 2026 | $2,776,900 | 4656 Calumet LLC | Agree Land West LLC | Special Warranty Deed | $2.2M · Premier Community Bank |
| Jul 1, 2025 | $2,215,300 | Agree Land West LLC | Mountain Manor Limited Partnership | Special Warranty Deed | — |
Description
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.
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Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.7094348
- Latitude
- 44.073927
