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30952497
30952496

2826 Woodman Dr, Altoona, WI 54720 For Sale

Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc
$3,285,000
129 days on market
Updated 11 days ago

Starbucks | Shopko Optical | Mathnasium

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 5,927
Cap Rate 6.00%
NOI $197,375
Occupancy 100%
Tenancy Multi
Brand/Tenant Starbucks, Shopko Optical (+1)
Price per SqFt $554
Year Built 2022
Buildings 1
Stories 1
Acreage 1.120
Investment Type Net Lease
Ground Lease No

Retail | 6.00% CAP | 5,927 SqFt

Marketing description

Regional Economic Hub – Eau Claire serves as the economic and cultural center

of west-central Wisconsin, supported by major employers including Mayo Clinic

Health System and University of Wisconsin–Eau Claire.

Strong Regional Retail Trade Area – Eau Claire attracts shoppers from multiple

surrounding counties, making it the primary retail destination for much of the

Chippewa Valley region.

Rapid Growth in Altoona Submarket – Altoona has experienced significant

development in recent years, particularly around the River Prairie mixed-use

district, bringing new housing, retail, dining, and entertainment uses to the area.

*Ko-Links LLC WI Broker and Project Broker of Record - Rob Kost

Investment highlights

• New 2023 Construction Retail Asset – Recently completed multi-tenant retail building offering modern construction, minimal near-term capital requirements, and strong tenant appeal.

• 100% Leased to National & Service-Oriented Tenants – The property features Starbucks, Shopko Optical, and Mathnasium, providing a diversified tenant mix with strong brand recognition and daily traffic generation

• High Traffic Retail Corridor – Located along Highway 53, one of the primary commercial corridors in the Eau Claire trade area with strong daily traffic and national retailer presence.

• New 2023 construction, 100% leased

• Retail mainstays: Starbucks - S&P: BBB+, Shopko Optical - 145+ locations

• Staggered expiration reduces rollover risk

Listing Contacts

Upland Real Estate Group Inc
Listed by Upland Real Estate Group Inc

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$197,375.00
$16,447.92/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

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Property History

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