714 S WISCONSIN DR Howards Grove WI 53083-1301

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a Piggly Wiggly Grocery Store located

in Howards Grove, Wisconsin. This 24,268 square foot asset is priced at a 7.75% CAP rate, or a list price of $2,035,000. Piggly Wiggly

has been operating from the subject location since 1997. There are just under 4 years remaining on the NNN lease in place. Under the

lease, the landlord has no responsibilities for the physical maintenance of the building, replacement of the capital systems, insurance,

or real estate taxes.

This is a high performing store with a sustainable rent-to-sales ratio of ~2%. Priced at $84 per square foot, this property could not

be built today for even double the current asking price. This site benefits from multiple points of ingress and egress, making it easily

accessible.

The tenant under the lease is Piggly Wiggly Midwest, who was purchased by C&S Wholesale Grocers, INC in 2021. C&S is the 8th

largest privately held company in the United States with reportedly over $30 Billion in annual revenue.

Howard’s Grove is an affluent small town located near Sheboygan, Wisconsin. This Piggly location is the only grocery store in town,

and average household incomes exceed $100,000 annually.

Please reach out to Marcus & Millichap with additional questions or interest.

• Highly Landlord Favorable NNN Lease

• Strong Performing Store with a Very Low Rent/Sales Ratio of 2.35%

• Above Market Return – Offered at a 7.75% CAP Rate

• Offered at an Appealing Basis for a NNN Grocery Store – Available for Purchase at Only $84 per Square Foot

• Two 5-Year Options Remain | 3.85% Rental Escalations at the Start of Each Option Period

• Limited Competition | Only Grocery Store in Howards Grove

• Affluent Area | Average Household Income of $101,561 within a 5-Mile Radius