Asking Price
Sq. Footage
NOI Net Operating Income
Cap Rate

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Attributes

Year Built 1973
Lease Type NN
Tenant United States Postal Service
Lot Size acres

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

  • USPS' credit support is derived from the United States Federal Government (Moody's: Aaa; S&P: AA+)
  • Long-term occupancy history & precedent for committed USPS locations
  • Recent renewal execution on net lease structure
  • Approximately 9 percent rental increases every five years
  • Advantageous B2 zoning for future uses
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Larry Kilduff
Larry Kilduff
Senior Vice President - Chicago/Midwest Market Lead
Licensed in
WI - 43707-90

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