Listed by Mid-America Real Estate, Mid America Real Estate Milwaukee
$7,000,000
Grand Creek Center - Value Add Opportunity
Details
APN 101124501
Property Type Retail
Sub Type Storefront
Square Footage 47,262
Net Rentable (SqFt) 47,262
Cap Rate 7.96%
NOI $557,365
Occupancy 77.46%
Tenancy Multi
Brand/Tenant Petco, Guitar Center
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 11.37%
Pro-Forma NOI $795,890
Price per SqFt $148
Broker Co-Op Yes
Class A
Year Built 1993/2006
Buildings 1
Acreage 3.410
Investment Type Value Add
Tenant Credit Credit Rated, Franchisee
Value Add Retail Opportunity
Marketing description
Grand Creek Center is a 47,262 Sf Value-add Retail Center Located in Appleton’s Premier Fox River Mall Corridor, Anchored by Petco and Guitar Center. The Property Offers Excellent Visibility and Access Just Off Interstate 41 (70,000+ Vpd) and is Surrounded by Top National Retailers Including Walmart, Costco, and Menards. Currently 77.5% Occupied, the Center Provides Stable in-place Income With Clear Upside Through Lease-up of Existing Vacancy in One of Northeast Wisconsin’s Strongest Retail Trade Areas.
Investment highlights
- 47,262 Sf Value-add Retail Center Situated on 3.41 Acres in Appleton’s Premier Fox River Mall Retail Corridor
- Anchored by Petco and Guitar Center, Providing Strong Daily Traffic and National Brand Recognition
- 77.5% Occupied, Offering Near-term Noi Upside Through Lease-up of Approximately 10,655 Sf of Vacant Space
- Excellent Visibility and Access Just Off Interstate 41 (70,000+ Vpd) With Multiple Points of Ingress/Egress
- Located Within a Dense National Retail Cluster Including Walmart, Costco, Menards, Best Buy, Dick’s Sporting Goods, and Target
- Directly Adjacent to a Top-performing Walmart Supercenter, Driving Consistent Traffic to the Site
- Strong Trade-area Demographics With 127,944 Residents and 153,630 Daytime Population Within Five Miles
- In-place 2026 Noi of $557,365, Providing Stable Cash Flow With Value-add Potential
- Compelling Opportunity to Acquire a Well-located, Grocery-shadowed Retail Center in One of Wisconsin’s Most Established Suburban Markets
Listing Contacts
Listed by Mid-America Real Estate, Mid America Real Estate Milwaukee
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$557,365.00
$46,447.08/mo
Valuation Metrics
0
DSCR
7.96%
Cap Rate
7.96%
ROI
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