725 Energy St, Baldwin, WI 54002
- Retail space
- 6,500 SF
- 1.42 lot acres
Current Use by Public Records
- Anytime Fitness / Gym & Fitness Center
Property Details for 725 Energy St
- Year built
- 2019
- Lot size
- 1.42 lot acres
- Property type
- Retail space
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 27, 2025 | $1,152,000 | Sand Commercial Properties LLC | Wilson Properties Group LLC | Warranty Deed | $812k · Keen Bank NA |
| Sep 26, 2024 | — | Wilson Properties Group LLC | — | Deed · related | $1.1M · Timothy Wilson |
| Oct 18, 2021 | $1,090,300 | Wilson Properties Group LLC | Baldwin Development Group LLC | Special Warranty Deed | $872k · River Falls State Bank |
| Oct 11, 2019 | — | Baldwin Dev Group LLC | — | Trust Deed · related | $744k · Fox Communities Cu |
| Sep 16, 2019 | $75,000 | Baldwin Dev Group LLC | First Bk Of Baldwin | Warranty Deed | — |
Description
This exceptional investment opportunity presents a 6,500 square foot Anytime Fitness franchise located at 725 Energy St, Baldwin, WI 54002. Built in 2019, this single-story building sits on a 1.42-acre lot and boasts a strong 7.28% cap rate with a current NOI of $84,500. The property is under a triple-net (NNN) lease with 5.1 years remaining on the initial 10.1-year term, expiring December 31, 2029. A significant rent bump of 7.7% ($7,583.33 new monthly rent) is scheduled for the sixth anniversary of the lease (December 2025). Two 5-year lease extension options are included, each with scheduled rent increases. The property benefits from its convenient location directly off Interstate 94 and minimal competition in the surrounding area. The asking price is $1,160,000, translating to $178.46 per square foot. This is a 100% occupied, single-tenant property with minimal landlord responsibilities, making it an attractive investment for those seeking a stable, high-return asset. The permitted zoning is commercial. This offering is ideal for a 1031 exchange.
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Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- St. Croix
- State
- Wisconsin
- Longitude
- -92.371145
- Latitude
- 44.935058
