725 Energy St Baldwin, WI 54002
- Retail space
- 6,500 SF
- 1.42 lot acres
Current Use by Public Records
- Anytime Fitness / Gym
Property Details for 725 Energy St
- Year built
- 2019
- Lot size
- 1.42 lot acres
- Property size
- 6,500 SF
- Property type
- Retail space
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- St. Croix
- State
- Wisconsin
- Longitude
- -92.371145
- Latitude
- 44.935058
