Value-Add Opportunity – Luck, WI

2547 State Rd 35, Luck, WI 54853, USA

We are pleased to exclusively offer for sale the 15,000 SF Evergreen Plaza located at 2547 State Road 35 in Luck, Wisconsin. This offering presents a compelling value-add investment opportunity with one 1,750 SF vacant suite, representing approximately 11.7% of the gross leasable area, providing immediate upside through lease-up. The property features a low average in-place rent of $12.14 PSF, along with significant annual rental escalations that enhance long-term income growth.

  • Value-add potential is supported by one 1,750 SF vacant suite representing 11.7% of the GLA, below-market average in-place rent of $12.14 PSF, and significant annual rental escalations.
  • Attractive pricing offers strong returns, including a day-one cap rate of 8.50% and a 9.42% cash-on-cash return at the asking price, with pro forma projections of a 9.71% cap rate and a 13.46% cash-on-cash return at 100% occupancy in year two.
  • The property features landlord-friendly lease structures, with net leases in place across all existing tenants and minimal landlord responsibilities.
  • The ideal tenant roster consists of approximately 50% medical users and 50% traditional retail users and is anchored by Luck Clinic and Amery Hospital and Clinic, the only acute care provider in Luck.
  • The property is located in a quaint and affluent area with an average household income exceeding $90,030 within a three-mile radius.

 

In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker – Lic. #938545-91 BoR: Scott Reid – Lic. WI #58772-90

Price

$2,116,000

Cap Rate

8.50%

PREMISES

15,000 SF

RENEWAL OPTIONS

Varies

Lease Type

NNN

BROKERS

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch