5485 Express Cir

100% leased NNN industrial investment in Madison's established Packers Avenue corridor. Staples occupies the entire 12,000 SF building as a regional distribution facility, and the same operator has occupied the building since it was built in 2002. The lease is true NNN, with the tenant responsible for taxes, insurance, maintenance and utilities. It runs through 11/30/2029 with 2.5% annual escalations, plus a 3-year renewal option at 4% annual increases through 11/30/2032.

The building is tilt-up concrete construction with 8,200 SF of warehouse and 3,800 SF of finished office. The warehouse offers 15' clear height, ten dock doors (two 10'×8' with levelers) and one 12'×12' grade-level drive-in. It is served by 800-amp, 3-phase, 4-wire power and gas-fired unit heaters. The office includes reception, an open general office, three private offices, a conference room, kitchen, copy room, computer room and storage, with rooftop HVAC. The building is fully insulated and has an electronic door access system.

The roof was replaced in 2019, and the dock apron and driveways were repaved after 2019. The 1.50-acre site has 31 paved parking stalls and two access points from Express Circle, with frontage backing Packers Avenue (10,700 VPD). Building coverage is about 18%, which leaves room for future expansion or outdoor storage. The site is zoned HC (Heavy Commercial) and is outside the flood zone.

It sits about 1 mile from St Hwy 113, 2 miles from US 51 and 4 miles from I-90/94/39, with quick access to Dane County Regional Airport and downtown Madison. The property works for a 1031 exchange buyer seeking passive income today, or for an owner-user positioning for occupancy at lease expiration.

Contact listing broker for rent schedule and offering details.