Heritage Village Mall
Redevelopment Opportunity
Marketing description
Heritage Village Mall is a regional mall in Beaver Dam, Wisconsin that has undergone a partial redevelopment. The existing Owners are soliciting Offers for an active investor/redeveloper to complete the full redevelopment.
Existing national credit retailers include, Marshall’s, Ross Dress For Less, Five Below, Staples, Dunham’s, Shoe Sensation and Harbor Freight.
Development opportunities include re-leasing a former 14,250 sf JoAnn premise, redeveloping the approximate 25,000 sf interior atrium portion and creating new development on an underused parking field.
Investment highlights
75% completed mall redevelopment.
Current gross income of $1,127,743
Expenses of $396,456
One in-line 14,250 sf vacancy of a former JoAnn and a roughly 25,000 sf interior atrium in need of rehabilitation for new tenant(s).
Some deferred maintenance of parking lot and roof areas above interior mall. PCR can be provided.
Flexible Commercial Zoning and development friendly municipality. The Property is currently in Tax Incremental Finance District No. 8, which has 8 more remaining years of life.
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