17255 Co HwyChippewa Falls, WI 54729

For Sale
$1,728,000

High-yield, low-maintenance NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple, 1,000 square foot BP Gas Station and convenience store located in Chippewa Falls, Wisconsin. Boasting a strong 13.7 years remaining on an absolute NNN lease with a corporate guarantee from Consumers Cooperative Association of Eau Claire (CAA), this property offers significant passive income potential with minimal landlord responsibilities. Built in 1991 and renovated in 2016, the property sits on a 1.26-acre lot with 19 parking spaces and enjoys excellent visibility and accessibility, situated just off Highway 29, a major thoroughfare with 7,500 vehicles per day. The property benefits from a highly affluent trade area with an average household income of $95,194 and a population of 33,873 residents. The lease features built-in rent bumps of 7% in year 11 and 8% in year 16, along with five, 5-year lease options. The current Net Operating Income (NOI) is $125,292, resulting in a 7.25% cap rate. The tenant, a BP Gas Station, has a 30+ year operating history and includes an on-site bakery supplying several nearby convenience stores. This is a truly exceptional opportunity for a passive income investor seeking a stabilized, low-risk investment with significant long-term growth potential. The asking price is $1,728,000.

Property Details for 17255 Co Hwy

Property type
Other retail properties, Automotive properties
Square Feet
1,000 SF
Year Built/Renovated
1991/2016
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Chippewa Falls
County
Chippewa
State
Wisconsin
Latitude
44.9240413
Longitude
-91.3202253
17255 Co Hwy, Chippewa Falls, Wisconsin

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17255 Co Hwy
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