Retail
Free Standing

Sold

BMO Harris Bank , Long Term NNN Lease, Corporate Guarantee

209 Horicon Street,  Mayville, Wisconsin 53050

For Sale

$3,185,000

About 209 Horicon Street

Situated at the hard corner intersection of South John and Horicon streets, the building totals 8,278 square feet. With four points of ingress/egress, the site is afforded excellent visibility and accessibility. The 1.26-acre lot includes four drive-thrus and parking for 70 vehicles. The property can be found near the south side of downtown Mayville. The city of Mayville is a charming community lined with numerous shops, boutiques, and businesses. Within a 5-mile radius, demographics include a population of approximately 10,000 residents. The branch has the largest market share and bank deposits in Mayville with 39% and of over $67 million, respectively. These figures and the length of the lease term are testaments to the long-term success of this branch. Mayville is home to several large manufacturing facilities, including plants operated by TAB Products, Mayville Products Corporation, Metalcraft, Mayville Engineering Company, Affiliated Products, RCI Engineering and Gleason Reel, a subsidiary of Hubbell Corporation. Dairy farming and other agricultural activities also comprise an important part of the local economy.
Investment
Single-Tenant
B
Existing
1979
1
5.85%
8,278 SqFt
54,886 SqFt
Milwaukee/Madison
NOI $186,259
Lease Type Absolute NNN
Lease Term 15 Years
Lease Start December 2015
Lease Expiration December 2030
1 Space

FLOOR
1
Attachments & Links
Mayville_Offering_Memorandum.pdf

Rich Lydon

Broker

Equity Investment Advisors

201 Santa Monica Blvd,
Suite 300
Santa Monica, CA 90401


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