1501 N Broadway St, Menomonie, WI 54751

Marcus & Millichap is pleased to present the Starbucks & McDonald’s Shadow Center located in Menomonie, Wisconsin.

This 130,000-square-foot neighborhood shopping center offers investors a fully stabilized, 100% occupied asset anchored by a brand-new 10-year Five Below lease (NASDAQ: “FIVE”), which opened in October following over $1.1 million in tenant buildout improvements. The center benefits from zero lease rollover until at least 2027, with 80% of the gross leasable area committed through 2033, providing long-term income stability. Shadow-anchored by national retailers including McDonald’s, Starbucks, and Taco Bell—each ranking among the top-performing locations nationwide—the property combines durable tenancy with exceptional consumer draw. Offered well below replacement cost at approximately $83 per square foot, the asset has seen more than $2.5 million in tenant improvements over the past two years and features streamlined reimbursements with no year-end reconciliations, ensuring predictable cash flow. Recent capital expenditures include new landscaping, parking lot upgrades, monument signage with LED lighting, and a 2017 roof under a 20-year GAF Everguard warranty.

Menomonie, Wisconsin, is a dynamic college town and the home of the University of Wisconsin–Stout, a 124-acre campus with over 6,900 students, 25 major academic buildings, and nine residence halls. The university serves as a stable economic engine, driving consistent retail demand and strong daytime traffic. Positioned in a thriving regional trade area with established national brands and continued community investment, Menomonie offers a balanced mix of education, employment, and consumer spending power. The city’s steady growth and university influence create an enduring foundation for retail tenancy and make this center a compelling opportunity for investors seeking reliable income in a proven Midwestern market.