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 This submission may be modified or withdrawn at any time by the property owner.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 This submission may be modified or withdrawn at any time by the property owner.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)