GREGG SHIMANSKI REALTY, INC.
1603 Monroe Street | Madison, WI 53711
Triple Net Leased Offering—Milton, Wisconsin
Executive Summary
Five Year
Triple Net
Leased
Investment
727 S. Janesville Street
Milton, Wisconsin 53563
Total Units:
Two Retail Units
Sq. Ft. Each
3,630 sq. ft. / 1,370 sq. ft.
Current Rents
$3,180 / $1,300
Monthly
Renewal Rent
Tenant
Lease Expiration
Base Rent
Movie Gallery
9/30/12
See Current / Renewal
$3,390/$3,630/$3,630/$3,765 // $1,300
Nail Salon
7/31/11
$1,300 fixed per month
Property Highlights
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List Price—$699,000
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High Traffic Location
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Income/Expenses:
Scheduled Income:
$ 53,760
Price:
Down Payment (25%)
Lot Size:
Price Per Sq. Ft. (Gross)
Net Rentable Sq. Ft.
Cap Rate (Ave.5 year rent)
Gross Income Multiple (Prof)
Total Return % (First Year)
Year Opened:
$ 699,000
$ 174,750
24,013 sq. ft
$ 139.80
5,000
8.25%
13.00
12.19 %
1998
Adjacent to Piggly Wiggly and other strong retail
Long Term Base Tenant
Less: Vacancy / Credit Loss (0%)
5 Year Lease renewals option
2006 Average Household Income—3 miles—$ 70,000
2006 Total Households— 3 miles—2,900
$0
Less: Owner Expenses
$ 1,000
Effective Net Income
$ 52,760
Debt Service
$ 41,520
Cash Flow
$ 11,240
Gregg Shimanski
Plus: Principal Reduction
$ 10,065
Total Return Before Income
$ 21,305
Direct: 608.663.5467
Fax: 608.232.1900
Cell: 608.444.1044
gregg@madrent.com
2006 Total Popularion—3 miles—7,662
This information has been secured from sources we
Note: believe to be reliable, but we make no representations
or warranties, expressed or implied, as to the accuracy of the
information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for
any inaccuracies.
Financing Summary: Buyer to obtain new first
mortgage at $524,250. Current lender quotes are
25% down payment, 6.00% interest rate, 25 year
amortization and a 1 point origination fee. (ARM)
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