Investment Opportunity
Shopping Center
for Sale
| Catylist Listing ID: |
30645231 |
| Property Subtypes: |
Strip Center
|
| Building Size (RSF): |
41,060 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,900,000 |
| Unit Price: |
$119.34 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/11/2020 |
Overview / Comments
|
Investment Opportunity. Upscale strip center, pylon sign, corner, signalized location. All masonry construction, total reface 2010. 100 % occupied with a great mix of tenants. 3.5 acres property. Parking lot replaced 2018. See tenant information on leases. NOI $307,460
|
Current Tenants
| Tenant Business Name |
MEDI Weightloss |
| Industry Type |
Health Care and Social Assistance |
| Is Renting? |
Yes |
| Annual Revenue |
$42,900 (Annual) |
| Suite Number |
801 |
| SF of Space Occupied |
3,300 SF |
| Current Rent |
$13 PSF (Annual) |
| Lease Expiration |
6/2021 |
| Escalations |
on renewal |
| Options |
to 5/31/28 |
| Tenant Notes |
NNN |
| Tenant Business Name |
The Game Capital |
| Industry Type |
Retail Trade |
| Is Renting? |
Yes |
| Annual Revenue |
$68,772 (Annual) |
| Suite Number |
805 |
| SF of Space Occupied |
10,800 SF |
| Current Rent |
$6 PSF (Annual) |
| Lease Expiration |
12/2024 |
| Escalations |
on renewal |
| Options |
to 11/30/33 |
| Tenant Notes |
NNN |
| Tenant Business Name |
Pa Pa John's |
| Industry Type |
Accommodation and Food Services |
| Is Renting? |
Yes |
| Annual Revenue |
$19,596 (Annual) |
| Suite Number |
807 |
| SF of Space Occupied |
2,000 SF |
| Current Rent |
$10 PSF (Annual) |
| Lease Expiration |
1/2025 |
| Escalations |
on renewal |
| Options |
to 12/31/29 |
| Tenant Notes |
NNN |
| Tenant Business Name |
WS Enterprises |
| Industry Type |
Real Estate and Rental and Leasing |
| Is Renting? |
Yes |
| Annual Revenue |
$6,000 (Annual) |
| Suite Number |
809 |
| SF of Space Occupied |
2,000 SF |
| Current Rent |
$3 PSF (Annual) |
| Lease Expiration |
2/2021 |
| Options |
mo to mo |
| Tenant Notes |
This tenant is the sellers office. Rent + Utilities |
| Tenant Business Name |
Anytime Fitness |
| Industry Type |
Other Services |
| Is Renting? |
Yes |
| Annual Revenue |
$62,055 (Annual) |
| Suite Number |
811 |
| SF of Space Occupied |
5,000 SF |
| Current Rent |
$12 PSF (Annual) |
| Lease Expiration |
3/2026 |
| Escalations |
on renewal |
| Options |
to 3/1/38 |
| Tenant Notes |
NNN |
| Tenant Business Name |
The Wine Cellar |
| Is Renting? |
Yes |
| Annual Revenue |
$64,050 (Annual) |
| Year Founded |
1974 |
| Suite Number |
813 |
| SF of Space Occupied |
6,400 SF |
| Current Rent |
$10 PSF (Annual) |
| Lease Expiration |
3/2024 |
| Escalations |
on renewal |
| Options |
to 2/28/29 |
| Tenant Notes |
NNN |
| Tenant Business Name |
KK Sew & Vac |
| Industry Type |
Retail Trade |
| Is Renting? |
Yes |
| Annual Revenue |
$28,800 (Annual) |
| Suite Number |
815 |
| SF of Space Occupied |
3 SF |
| Current Rent |
$11 PSF (Annual) |
| Lease Expiration |
4/2023 |
| Escalations |
on renewal |
| Options |
to 4/1/26 |
| Tenant Notes |
NNN |
| Tenant Business Name |
X Factor Elite Gym |
| Industry Type |
Other Services |
| Is Renting? |
Yes |
| Annual Revenue |
$27,000 (Annual) |
| Suite Number |
120 |
| SF of Space Occupied |
9,000 SF |
| Current Rent |
$3 PSF (Annual) |
| Lease Expiration |
7/2022 |
| Escalations |
on renewal |
| Options |
to 6/30/25 |
| Tenant Notes |
Rent + Utilities |
Additional Details
| Nearest MSA: |
Green Bay |
| County: |
Brown |
| Tax ID/APN: |
WD-84 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,572 |
44,667 |
113,578 |
| Median Age: |
34.04 |
37.17 |
36.97 |
| Households: |
2,242 |
17,879 |
45,979 |
|
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