Niets Investment Company Acquires Retail Property In Wausau For $2.48M With Marcus & Millichap
225407 Rib Mountain Drive
$2,475,893
$495/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Apr 7, 2026
AI
A retail property located at 225407 Rib Mountain Drive in Wausau, WI, was sold for $2,475,893. The asset encompasses a total of 5,000 square feet and was on a net lease to Chipotle, backed by a 15-year corporate-guaranteed lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,475,893
- Square Footage: 5,000
- Price Per Square Foot: $495
- Buyer: Niets Investment Company
- Closing Date: 04/07/2026
- Market: Wausau, WI
- Brokerage Firm: Marcus & Millichap
- Brokers: Jeff R. Rowlett, Blake Hanlon & Mark Peltin
The transaction was facilitated by the brokerage firm Marcus & Millichap, highlighting the involvement of brokers Jeff R. Rowlett, Blake Hanlon, and Mark Peltin in securing the deal on behalf of Niets Investment Company.
Players
Wausau Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93