Listed by Riser Retail Group Carmel
$8,900,000
Badger Plaza - Piggly Wiggly Anchored Shopping Center
Details
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 147,881
Net Rentable (SqFt) 147,880
Units 16
Cap Rate 8.00%
Occupancy 93%
Tenancy Multi
Brand/Tenant Piggly Wiggly
Lease Type NNN
Pro-Forma Cap Rate 9.33%
Price per SqFt $60
Year Built 1970
Year Renovated 2013
Buildings 3
Stories 1
Acreage 13.570
Investment Type Value Add
Ground Lease No
Retail | 8.00% CAP | 147,881 SqFt
Marketing description
• Piggly Wiggly Grocery Anchored
• Long Term Tenancy (Since 1962)
• Low Rent To Sales (Piggly Wiggy)
• Expanded & Invested $2.4M (2013)
• Dollar General Junior Anchor
• CVS & Dollar Tree Shadow Anchors
• Value Add (93% Occupied Retail Center)
• Outlot Pad Sale Opportunity
• Diverse Tenant Mix
• Located on Main Retail Corridor
• Minimal Grocery Competition
Listing Contacts
Listed by Riser Retail Group Carmel
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