4917 Douglas Avenue, Racine, WI 53402 For Sale

Institutional-Quality Tenant Lineup

• Featuring Starbucks, one of the world’s most recognized retail brands, operating more than40,000 locations globally.
• Anchored by O&H Danish Bakery, a beloved Wisconsin institution founded in 1949 and synonymous with Racine’s heritage.
• Complementary tenant mix combines a nationally recognized coffee retailer with a destination-oriented local specialty bakery.
• 100% occupied asset providing diversified income from two established operators with strong customer loyalty.

New Construction Asset with Minimal Capital Requirements

• Purpose-built retail property completed in 2021, offering investors a modern, high-quality construction profile.
• Recent development significantly reduces near-term capital expenditure and deferred maintenance risk.
• Contemporary drive-thru and retail design enhances long-term tenant appeal and operational efficiency.

Below-Market Rental Profile Creates Long-Term Upside

• Current in-place rents of approximately $34.00 PSF for Starbucks and $32.00 PSF for O&HDanish Bakery are considered conservative relative to new construction replacement costs.
• Contractual rent increases embedded through multiple renewal option periods.
• Opportunity for future rental growth as market rents continue to adjust to inflation and rising construction costs.
• Investors benefit from stable current cash flow while maintaining long-term lease rollover upside.

Strategic Racine Location Outside Milwaukee’s Core Urban Market

• Located in Racine, approximately 22 miles south of Milwaukee and positioned between Milwaukee and Chicago.
• Offers exposure to the broader Southeastern Wisconsin economy without the pricing associated with core Milwaukee assets.
• Strong surrounding demographics include approximately 86,000 residents within five miles and average household income exceeding $107,000 within one mile.
• Serves a highly established residential trade area supported by schools, apartments, national retailers, healthcare providers, and daily-needs traffic generators.