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Mixed-Use

USPS Anchored Office Building

100 S 1st St, Mount Horeb, WI 53572

Listing Price: $1,900,000

Cap Rate
5.91%
Gross SF
21,000
Rentable SF
21,000
Price/Gross SF
$90.48
Lot Size
0.62 acres
Year Built
1967

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in 100 S First St, a 21,000- square foot mixed-use building located in downtown Mount Horeb. This asset is priced at a 5.48% CAP rate, listed at $1,900,000. The building is currently 85% occupied with tenants all on gross leases. There is significant upside due to 3,000-square feet of vacant-Class B office space. At 100% occupancy, the CAP Rate becomes 8.74%, with a cash on cash return near 11.62%. The United States Postal Service (USPS) and Gemplers Farm & Home Supply Company serve as the two anchor tenants at the subject location. USPS has been at this location since 1993, and has roughly 6 years remaining on their lease. Gemplers Farm & Home Supply Company 's corporate office occupies 7,726-square feet inside the premises. Gemplers is an E-Commerce based company specializing in landscaping products and clothes. The property benefits from direct exposure 11,700 vehicles per day in addition to heavy pedestrian traffic. Madison is a short 20-minute drive away from Mount Horeb. The majority of the residents in Mount Horeb commute daily to Madison. Please contact Marcus & Millichap with additional questions and interest.

Investment Highlights

  • USPS anchored mixed-use building located in Mount Horeb, WI (Madison MSA)
  • Significant Upside I 85% occupied currently, 9.3% cash-on-cash return at 100% occupancy
  • 6 years remaining on USPS lease I USPS has operated at the subject location since 1993
  • Strong Demographics I Avg. household income of $104,622 in a 1-mile radius from the subject location
  • Main on Main Location in a growing Madison, WI suburb

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Mixed-Use

USPS Anchored Office Building

Listing Price: $1,900,000

Cap Rate
5.91%
Gross SF
21,000
Rentable SF
21,000
Price/Gross SF
$90.48
Lot Size
0.62 acres
Year Built
1967

Investment Highlights

  • USPS anchored mixed-use building located in Mount Horeb, WI (Madison MSA)
  • Significant Upside I 85% occupied currently, 9.3% cash-on-cash return at 100% occupancy
  • 6 years remaining on USPS lease I USPS has operated at the subject location since 1993
  • Strong Demographics I Avg. household income of $104,622 in a 1-mile radius from the subject location
  • Main on Main Location in a growing Madison, WI suburb

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in 100 S First St, a 21,000- square foot mixed-use building located in downtown Mount Horeb. This asset is priced at a 5.48% CAP rate, listed at $1,900,000. The building is currently 85% occupied with tenants all on gross leases. There is significant upside due to 3,000-square feet of vacant-Class B office space. At 100% occupancy, the CAP Rate becomes 8.74%, with a cash on cash return near 11.62%. The United States Postal Service (USPS) and Gemplers Farm & Home Supply Company serve as the two anchor tenants at the subject location. USPS has been at this location since 1993, and has roughly 6 years remaining on their lease. Gemplers Farm & Home Supply Company 's corporate office occupies 7,726-square feet inside the premises. Gemplers is an E-Commerce based company specializing in landscaping products and clothes. The property benefits from direct exposure 11,700 vehicles per day in addition to heavy pedestrian traffic. Madison is a short 20-minute drive away from Mount Horeb. The majority of the residents in Mount Horeb commute daily to Madison. Please contact Marcus & Millichap with additional questions and interest.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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