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300 N 6th St, Wausau, WI, 54403

Dark Burger King

$1,350,000

Key Information

Cap Rate
10.85%
$ per SF
$324
Tot. SF
4,163
Lot Size
0.58 Acres
Year Built
1987
Type
Retail

Highlights

• Primary Downtown Wausau Location – Strategically located in the heart of downtown Wausau, the property benefits from strong visibility, established traffic patterns, and proximity to major employers, government offices, and entertainment destinations.
• Value-Add Repositioning Opportunity – The former Burger King offers investors the ability to re-tenant, redevelop, or reposition the asset to capitalize on the area’s ongoing growth and changing demographics.
• Adjacent to Transformational Foundry on 3rd Development – The property is positioned near the Foundry on 3rd, a landmark mixed-use redevelopment that has introduced over 150 luxury apartment units and new commercial space, significantly increasing residential density and activity in downtown Wausau.
• Growing Downtown Residential Population – Recent and planned multifamily developments are bringing hundreds of new residents to the downtown core, creating a larger consumer base for retail, restaurant, and service-oriented tenants.
• Attractive Basis with Near-Term Upside – Offered dark, the property provides investors the opportunity to achieve an attractive going-in yield of over 10% while evaluating future leasing, redevelopment, or repositioning options.
• Signalized Hard Corner Location – Situated at a highly visible signalized intersection, the property benefits from strong traffic exposure, multiple points of access, and excellent visibility for future retail, restaurant, or service users.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203