retail center New London, WI

Shopping Center for Sale
Catylist Listing ID: 30430068
Property Subtypes: Community Center
Building Size (RSF): 52,000 SF
Gross Land Area: 4.40 Acres
Sale Price: $925,000
Unit Price: $17.79 PSF
Property Use Type: Investment
Building Name: wolf river plaza
Usable Size (USF): 52,000 SF
Sale Terms: Cash to Seller
Cap Rate: 11.8%
Average Occupancy Rate: 85
Last Updated: 1/30/2020

Overview / Comments

$925,000 11.8% Cap Rate $17.79 PSF (52,290 rentable SF, 4.4 acres)
Plus excellent upside potential
5 year Family Dollar extension
Shadow anchored by the dominant local grocer
Located along the main North-South retail corridor

Additional Details

Nearest MSA: Appleton
County: Waupaca
Submarket Type: Central Business District
Tax ID/APN: 33 12 71 45
Retail Clientele: General
Property Visibility: Fair
Largest Nearby Street: shawano
Feet of Frontage: 300
Area Description: The City of New London (pop 7,300) is located in the Outagamie and Waupaca Counties in the state of Wisconsin. Founded in 1851, the city is popular for outdoor enthusiasts as it is located on the Wolf River and is connected to many popular snowmobiling and biking trails. The city is located on US 45 which connects to Oshkosh, Wisconsin, WIS 15 which connects to Appleton, Wisconsin and WIS 54 which connects to Green Bay, Wisconsin.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Built: 1984
Roof Type: Other
Construction/Siding: Metal Siding
Exterior Description: metal and brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,299 8,796 13,787
Median Age: 40.19 39.5 39.55
Households: 951 3,605 5,475


Photograph of Listing Agent

Scott DeWitt

DeWitt Londre LLC
WCIE Member
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