View
0
Download
0
Category
Preview:
Citation preview
For Sale 2112 S. Hastings Way, Eau Claire, WI
Investment Opportunity
Site Summary - At A Glance 2112 S Hastings Way
Sale Price $1,300,000
Current Occupancy: 100%
NOI: $89,550
CAP Rate 6.89%
Lease Expirations: Dec. 2022 (Caribou)
TBD 2021 (BeMobile)
Lease Type: NNN
Year Built: 2012
Commonweal is pleased to present for sale a 3,600
square foot two-tenant retail building featuring Caribou
Coffee with drive-thru and BeMobile, a Verizon
Premium Retailer, at 2112 S. Hastings Way, Eau Claire,
Wisconsin. The existing Caribou lease is the original 10-
year corporate lease (6-years remaining) and the
BeMobile lease will be a new 5 year lease.
This high profile corner features great access and
visibility with over 22,000 VPD. It is positioned at the
center of the trade and population areas of Eau Claire
and Hastings Way continues to be a strong retail
corridor.
Jamie Radabaugh
P: 715.832.8707 | F: 715.832.1180
jradabaugh@commonwealdc.com
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
Stuart Schaefer
P: 715.832.8707 | F: 715.832.1180
sschaefer@commonwealdc.com
COMING SOON!
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
Memorial
High
School
Regis
High
School
Stuart Schaefer
P: 715.832.8707 | F: 715.832.1180
sschaefer@commonwealdc.com
Jamie Radabaugh
P: 715.832.8707 | F: 715.832.1180
jradabaugh@commonwealdc.com
PROPERTY & LEASE SUMMARY 2112 S Hastings Way
Location: 2112 Hastings Way, Eau Claire, Wisconsin
Zoning: C-3
Premises: Building Size: 3,600 square feet
Lot Size: 26,800 square feet
Year Built: 2012
Tenants: Caribou Coffee Company, Inc.
BeMobile, Inc.
Lease Type: NNN
Total Annual Net Rent: $89,550.00
Lease Term: Caribou at 120 months, expiring December 31, 2022 (with two 5-year options)
BeMobile at 60 months, expiring TBD, 2021 (with three 3-year options)
Landlord’s Work: No outstanding work
Maintenance Responsibilities: Landlord - Landlord, at it’s expense, will make all necessary repairs and/or replacements to the
structural elements and exterior surfaces of the building, including the roof, roof covering and
membrane, and all necessary structural repairs to the walls, concrete slab, footings and
foundations and to the electrical and plumbing facilities outside leased space.
Tenant - Tenant is required to operate, maintain, repair, and keep the interior of the leased
space, together with all interior electrical, plumbing, and any other utilities which exclusively
serve the leased space up to the point of departure from the leased space, and exterior doors
and windows, all interior doors, heating, air conditioning and other mechanical installations
therein which exclusively serve the leased space.
Utilities: Tenant to pay direct to service providers**
Taxes: Tenant to reimburse Landlord
CAM: Tenant to reimburse Landlord
Insurance: Tenant to reimburse Landlord
Note(s): The Caribou Coffee lease includes 10% rent increases every 5 years
**some CAM caps apply to BeMobile lease agreement
The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
Memorial
High
School
Regis
High
School
Stuart Schaefer
P: 715.832.8707 | F: 715.832.1180
sschaefer@commonwealdc.com
Jamie Radabaugh
P: 715.832.8707 | F: 715.832.1180
jradabaugh@commonwealdc.com
Demographics
Population
3 Miles 56,741
5 Miles 81,911
10 Miles 108,566
Average HH Income
3 Miles $55,286
5 Miles $58,801
10 Miles $61,189
Median HH Income
3 Miles $39,199
5 Miles $43,245
10 Miles $46,839
Traffic Counts
Hastings Way 22,800 VPD
ESRI, 2016, WI DOT
COMING SOON
Brokerage | Development | Property Management w w w . c o m m o n w e a l d c . c o m
Memorial
High
School
Regis
High
School
Stuart Schaefer
sschaefer@commonwealdc.com
Jamie Radabaugh
jradabaugh@commonwealdc.com
P: 715.832.8707
F: 715.832.1180 The above information has been obtained from various sources that we deem reliable. Although we have no reason to doubt its accuracy or completeness, no representation or warranty is
made by Commonweal Development Corporation regarding the information. This submission may be modified or withdrawn at any time by the property owner.
Founded in 1992, Caribou
Coffee Company is one of
the leading branded coffee
companies in the United
States, with a compelling
multi-channel approach to
their customers. Caribou is
headquartered in
Minneapolis, MN. Caribou
has just over 600 stores in
18 states and
internationally with over
4,500 employees.
BeMobile (a Verizon
Premium Retailer), began
in Grand Forks, ND in 2000
and has grown to over 45
locations across 5
Midwestern states
including North Dakota,
South Dakota, Minnesota,
Wisconsin, and Iowa.
ABOUT THE
TENANTS (From their websites)
Recommended