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Shopping Strip

Polito's Pizza | Tropical Smoothie Cafe

1951 8th St S, Wisconsin Rapids, WI 54494

Listing Price: $660,000

Cap Rate
7.50%
Gross SF
4,900
Rentable SF
4,900
Price/Gross SF
$134.69
Lot Size
0.81 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a 2-tenant 4,900 square-foot retail center located in Wisconsin Rapids, Wisconsin. This center is leased to Politio's Pizza and Tropical Smoothie Cafe. Polito's Pizza will commence a new 5-year lease at close of escrow, with built in escalations. Polito's Pizza has operated at this location since 2012 and has 8 locations across Wisconsin and Minnesota. Both tenants are paying replaceable rent. Positioned at the signalized intersection at 8th St and Wood Ave, this asset is located in a dense retail corridor. The property is surrounded by many national tenants, including Starbucks, Taco Bell, McDonald's, Pick & Save and many others. Approximately 20,6000 vehicles pass by the subject property every day. Priced below replacement cost at $134 per square foot, this property could not be built today for the current asking price. The asking cap rate is 7.5 percent and with today's available debt, an 8.6% cash on cash return is achievable. Please reach out to Marcus & Millichap with additional questions about this opportunity.

Investment Highlights

  • Polito's Pizza - 5-year sale leaseback | 1% annual rental escalations
  • 20,600 vehicles per day
  • Strategically positioned on a signalized corner | Multiple points of ingress and egress | Located in a dense retail corridor
  • 7.5% CAP Rate | 8.6% Cash on Cash Return in Year 1
  • Both tenants are below market rent | Highly replaceable

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

Polito's Pizza | Tropical Smoothie Cafe

Listing Price: $660,000

Cap Rate
7.50%
Gross SF
4,900
Rentable SF
4,900
Price/Gross SF
$134.69
Lot Size
0.81 acres
Year Built
1970

Investment Highlights

  • Polito's Pizza - 5-year sale leaseback | 1% annual rental escalations
  • 20,600 vehicles per day
  • Strategically positioned on a signalized corner | Multiple points of ingress and egress | Located in a dense retail corridor
  • 7.5% CAP Rate | 8.6% Cash on Cash Return in Year 1
  • Both tenants are below market rent | Highly replaceable

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a 2-tenant 4,900 square-foot retail center located in Wisconsin Rapids, Wisconsin. This center is leased to Politio's Pizza and Tropical Smoothie Cafe. Polito's Pizza will commence a new 5-year lease at close of escrow, with built in escalations. Polito's Pizza has operated at this location since 2012 and has 8 locations across Wisconsin and Minnesota. Both tenants are paying replaceable rent. Positioned at the signalized intersection at 8th St and Wood Ave, this asset is located in a dense retail corridor. The property is surrounded by many national tenants, including Starbucks, Taco Bell, McDonald's, Pick & Save and many others. Approximately 20,6000 vehicles pass by the subject property every day. Priced below replacement cost at $134 per square foot, this property could not be built today for the current asking price. The asking cap rate is 7.5 percent and with today's available debt, an 8.6% cash on cash return is achievable. Please reach out to Marcus & Millichap with additional questions about this opportunity.

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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