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Shopping Strip

Broadway Square Center

1320 N Broadway St, Menomonie, WI 54751

Listing Price: $1,849,000

Cap Rate
7.69%
Gross SF
12,714
Rentable SF
12,714
Price/Gross SF
$145.43
Lot Size
0.97 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to offer this seven-unit strip center for sale. Subject property is positioned in a strong retail area featuring many national and regional tenants such as Walgreen's, Taco Bell, Wendy's, Arby's Wendy's, Aldi, Dollar Tree, O'Reilly Automotive, Advance Auto, Dunkin Donuts, Fleet Farm, Maurice's, Perkins, Caribou Coffee, Starbucks, McDonald's, Dunham's Sports, Denny's and Applebee's. It is also located just under 2 miles to the University of Wisconsin-Stout. Ideally situated on a hard corner, the subject property has easy access and great frontage to the main thoroughfare in a well-established retail corridor. The property has a strong mix of local and regional e-commerce resistant tenants. The leases are NNN allowing the new owner to hire a management company and enjoy passive income. Property is currently 84.1% occupied. Seller will guarantee the rent on the vacant space for one year from closing providing strong day one cash flow, and yet additional upside when the new owner leases the vacancy at market rate. Located in the western part of Wisconsin, Menomonie is the county seat for Dunn County. It's located roughly 45 miles from the outskirts of the Minneapolis, MN Metro area just off Interstate 94. Menomonie is considered a progressive community, with a thriving industrial base that includes 3M, Ford Motor Company, Wal-Mart Distribution Center, ConAgra Foods - Swiss Miss, Cardinal FG, Andersen Windows, Phillips Plastics Corporation, and several other industrial facilities. Menomonie is privileged to have a state-of-the-art Hospital and Medical Center (which are part of the Mayo Health System), a beautiful Library overlooking the shores of Lake Menomin, an excellent K-12 school system, and the Chippewa Valley Technical College. The University of Wisconsin-Stout is also a valued member of our community. UW-Stout has an international reputation for its excellent degree programs in business, industry, technology, education, human development, and art and design. The Stout Technology Park offers a unique opportunity for businesses in the park to access the latest manufacturing strategies and technologies that will help solve problems and increase profits.

Investment Highlights

  • Solid Historical Tenancy
  • Strong Retail Corridor
  • All Tenants on NNN Leases
  • Potential Upside Via Leasing Vacant Space at Market Rate
  • CAM Charges to Tenants Are Low Relative to Many Similar Strip Centers
  • Potential for Seller Carry-Back Potentially Increasing Buyer's Cash on Cash Return

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Strip

Broadway Square Center

Listing Price: $1,849,000

Cap Rate
7.69%
Gross SF
12,714
Rentable SF
12,714
Price/Gross SF
$145.43
Lot Size
0.97 acres
Year Built
2007

Investment Highlights

  • Solid Historical Tenancy
  • Strong Retail Corridor
  • All Tenants on NNN Leases
  • Potential Upside Via Leasing Vacant Space at Market Rate
  • CAM Charges to Tenants Are Low Relative to Many Similar Strip Centers
  • Potential for Seller Carry-Back Potentially Increasing Buyer's Cash on Cash Return

Investment Overview

Marcus & Millichap is pleased to offer this seven-unit strip center for sale. Subject property is positioned in a strong retail area featuring many national and regional tenants such as Walgreen's, Taco Bell, Wendy's, Arby's Wendy's, Aldi, Dollar Tree, O'Reilly Automotive, Advance Auto, Dunkin Donuts, Fleet Farm, Maurice's, Perkins, Caribou Coffee, Starbucks, McDonald's, Dunham's Sports, Denny's and Applebee's. It is also located just under 2 miles to the University of Wisconsin-Stout. Ideally situated on a hard corner, the subject property has easy access and great frontage to the main thoroughfare in a well-established retail corridor. The property has a strong mix of local and regional e-commerce resistant tenants. The leases are NNN allowing the new owner to hire a management company and enjoy passive income. Property is currently 84.1% occupied. Seller will guarantee the rent on the vacant space for one year from closing providing strong day one cash flow, and yet additional upside when the new owner leases the vacancy at market rate. Located in the western part of Wisconsin, Menomonie is the county seat for Dunn County. It's located roughly 45 miles from the outskirts of the Minneapolis, MN Metro area just off Interstate 94. Menomonie is considered a progressive community, with a thriving industrial base that includes 3M, Ford Motor Company, Wal-Mart Distribution Center, ConAgra Foods - Swiss Miss, Cardinal FG, Andersen Windows, Phillips Plastics Corporation, and several other industrial facilities. Menomonie is privileged to have a state-of-the-art Hospital and Medical Center (which are part of the Mayo Health System), a beautiful Library overlooking the shores of Lake Menomin, an excellent K-12 school system, and the Chippewa Valley Technical College. The University of Wisconsin-Stout is also a valued member of our community. UW-Stout has an international reputation for its excellent degree programs in business, industry, technology, education, human development, and art and design. The Stout Technology Park offers a unique opportunity for businesses in the park to access the latest manufacturing strategies and technologies that will help solve problems and increase profits.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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