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2789 22nd St
Rice Lake, WI 54868

$2,000,000 USD

Service Station For Sale  •  4,462 SF

Property Details

  • Property Type Service Station
  • Total Building Size 4,462 SF
  • Lot Size 3.41 AC
  • Year Built 1998
  • Cap Rate 8.00 %
0 Transit Score
7 Walk Score

Highlights

Absolute NNN Portfolio Sale-Leaseback – Properties Available as a Portfolio or Individually.
Lease is personally guaranteed by a high net worth, experienced gas station operator with a large and growing real estate portfolio (60+ properties).
The operator’s team has extensive experience operating gas stations throughout the Midwest, with 130+ stores currently under management.
Property has consistently reported increased revenue annually. Property financials available for review.
The property generates strong revenues from the sale of live bait & tackle, groceries, beer, liquor, RV parts, batteries, fresh food, and more.
Fee Simple ownership structure may allow for bonus depreciation benefits. Consult with a tax professional.

Property Flyers

Cap Rate: 8.00 %
Kevin Sugavanam 972-366-6926 Matthews Real Estate Investment Services
Kevin Sugavanam 972-366-6926 Matthews Real Estate Investment Services