Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 1973
Lease Type NN
Tenant United States Postal Service
Building Area
Land Area

Property Description

JLL is pleased to offer for sale a USPS-tenanted office & mail distribution building located at 1818 Milton Avenue in Janesville, Wisconsin. With a government-backed tenant on a long-term, double net lease structure, investors can realize the unique opportunity to collect investment-grade cash flows within a dense retail corridor.

Investment Highlights

  • Credit support derived from the U.S. Federal Government (Moody's: Aaa; S&P: AA+)
  • Long-term occupancy history
  • Recent renewal execution on net lease structure
  • Approximately 9% rental increases every 5 years
  • Advantageous B2 zoning for future uses
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Larry Kilduff
Larry Kilduff
Executive Vice President
License details
WI - 43707-90

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