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Niets Investment Company Acquires Retail Property With Tenants Papa Murphy’s Pizza And Heartland Dental For $1.2M
SOLD
$1,200,000
Wisconsin
See Similar DealsRetail10,108 SF
Sold 08/25/2025
SOLD
Niets Investment Company Acquires Retail Property With Tenants Papa Murphy’s Pizza And Heartland Dental For $1.2M
1813 Park Road & 1819 Park Road
See Similar DealsRetail10,108 SF
Sold 08/25/2025
Summary
WISCONSIN
Asset Type:Retail
Price Per Square Foot:$118
Total Square Footage:10,108 SF
Transaction Type:Sale
A retail property located at 1813-1819 Park Avenue in Plover, WI, has been sold for $1,200,000. The asset encompasses a total square footage of 5,054 and is valued at approximately $237 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,200,000
- Square Footage: 5,054
- Price Per Square Foot: $237
- Buyer: Niets Investment Company
- Seller: VP Plover, LLC
- Location: 1813-1819 Park Avenue, Plover, WI
- Tenants: Papa Murphy’s Pizza and Heartland Dental
- Brokers: Mark Peltin, Blake Hanlon & Jeff R. Rowlett - Marcus & Millichap
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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