The subject property consists of a 71,682 square foot, multi-tenant anchored retail center built in 2004. The property is anchored by Roundy’s operating as a Pick ‘n Save. Currently leasing space in the center besides Pick ‘n Save are Check Into Cash, Papa Murphy’s, Great Clips, Jimmy John’s, Nail Care, Verizon and World Finance. All leases, but one, are structured as triple net with real estate taxes, insurance and common area maintenance reimbursed. The only gross structured tenant is World Finance. The site is located near other prime retailers such as Walmart, Taco Bell, Shopko, Carquest, Piggy Wiggly, Subway, Dollar General, Walgreens, Blain's Farm & Fleet and many others. Potential development of an outlot building, see the following pages for location and concept plans.

Key Points:
• 98 Percent Occupied Grocery Anchored Retail Center
• Eight Years Remaining On Pick 'n Save Lease (Originally 20 Year Lease) - Corporate Guarantee
• Great Tenant Mix With Staggered Leases
• All But One Lease Structured As Triple-Net (Reimburse For Taxes, Insurance, CAM And Management)
• Surrounded By Quality Retailers (National & Regional)
• Potential Outlot Development Opportunity

Built: 2004

Occupancy: 98%


The Property is For Sale

Asking Price: $10,502,000

Building Size: 71,684 SQ FT

Lot Size: 8.38 AC

Cost per Square Foot: $146.51

Cap Rate: 7.00%

Debt can be assumed: no

Debt can be utilized: yes

NOI: $734,945.00

Marcus & Millichap
246 8th Street
Monroe, Wisconsin 53566
United States

View More Properties

Jeff Rowlett
262.364.1924
Jeff.Rowlett@marcusmillichap.com