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Shoe Store

Rogan's Shoes

3720 Calumet Ave, Manitowoc, WI 54220

Listing Price: $814,000

Cap Rate
8.00%
Tenant Name
Rogan Shoes, Incorporated
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
8,499
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.66

Investment Overview

Marcus & Millichap is pleased to present an ±8,499 square-foot building 100% occupied by Rogan’s Shoes in Manitowoc, Wisconsin. Rogan’s Shoes has occupied the property for approximately 23 years, showing a strong commitment to the site. This triple net (NNN) lease was recently extended seven years and offers one additional five-year renewal option. Operating since 1971, Rogan’s Shoes has 30 brick and mortar locations in Illinois, Minnesota, and Wisconsin. The Property is located on a major retail corridor alongside nationally recognized tenants such as Walmart Supercenter, Lowe’s, TJ Maxx, Kohl’s, Planet Fitness, Aldi, Petco, Hobby Lobby, Harbor Freight Tools, Wells Fargo, Advance Auto Parts, Starbucks, Panera Bread, McDonald’s, Applebee’s, Verizon Wireless, and many more. The county seat of Manitowoc County, Manitowoc is a thriving and prosperous community located on Lake Michigan at the mouth of the Manitowoc River. The city is known as Wisconsin’s Maritime Capitol, as it is recognized worldwide as the manufacturer of spectacular yachts and is the sole Wisconsin port for the S.S. Badger, the only upscale passenger vessel still sailing on the Great Lakes. The subject property is 40 miles south of Green Bay and 79 miles north of Milwaukee. The Property serves a trade area that benefits from strong demographics with a population of 37,138 residents and an average household income of $71,722 within a five-mile radius.

Investment Highlights

  • Tenant Recently Extended Lease Term for an Additional Seven Years
  • Tenant Has Been in Place for Approximately 23 Years Showing Strong Commitment to the Site
  • Operating Since 1971, Rogan's Shoes Has 30 Retail, Brick and Mortar Stores in Illinois, Minnesota and Wisconsin
  • Large 1.19 Acre Parcel with Ample Parking
  • Busy Retail Corridor with Surrounding National Retailers Including Walmart Supercenter, Lowe's, TJ Maxx, Kohl's, Planet Fitness, Aldi, Petco, Hobby Lobby, Harbor Freight Tools, Wells Fargo, Advance Auto Parts, Starbucks, Panera Bread, McDonald's, Applebee's, Verizon Wireless and Many More
  • Off Interstate 43, the Major Roadway Which Connects Manitowoc 40 Miles North to Green Bay and 79 Miles South to Milwaukee
  • Average Household Income Exceeds $71,000 Within a Five-Mile Radius
  • 1.5 Miles from Manitowoc County Expo Center Which Boosts the Local Economy Through its Numerous Tourism Events, Trade Shows, Multifaceted Groups, and Manitowoc Fair Grounds and 1.5 Miles from Holy Family Memorial Medical Center With More Than 830 Healthcare Professionals

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shoe Store

Rogan's Shoes

Listing Price: $814,000

Cap Rate
8.00%
Tenant Name
Rogan Shoes, Incorporated
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
8,499
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.66

Investment Highlights

  • Tenant Recently Extended Lease Term for an Additional Seven Years
  • Tenant Has Been in Place for Approximately 23 Years Showing Strong Commitment to the Site
  • Operating Since 1971, Rogan's Shoes Has 30 Retail, Brick and Mortar Stores in Illinois, Minnesota and Wisconsin
  • Large 1.19 Acre Parcel with Ample Parking
  • Busy Retail Corridor with Surrounding National Retailers Including Walmart Supercenter, Lowe's, TJ Maxx, Kohl's, Planet Fitness, Aldi, Petco, Hobby Lobby, Harbor Freight Tools, Wells Fargo, Advance Auto Parts, Starbucks, Panera Bread, McDonald's, Applebee's, Verizon Wireless and Many More
  • Off Interstate 43, the Major Roadway Which Connects Manitowoc 40 Miles North to Green Bay and 79 Miles South to Milwaukee
  • Average Household Income Exceeds $71,000 Within a Five-Mile Radius
  • 1.5 Miles from Manitowoc County Expo Center Which Boosts the Local Economy Through its Numerous Tourism Events, Trade Shows, Multifaceted Groups, and Manitowoc Fair Grounds and 1.5 Miles from Holy Family Memorial Medical Center With More Than 830 Healthcare Professionals

Investment Overview

Marcus & Millichap is pleased to present an ±8,499 square-foot building 100% occupied by Rogan’s Shoes in Manitowoc, Wisconsin. Rogan’s Shoes has occupied the property for approximately 23 years, showing a strong commitment to the site. This triple net (NNN) lease was recently extended seven years and offers one additional five-year renewal option. Operating since 1971, Rogan’s Shoes has 30 brick and mortar locations in Illinois, Minnesota, and Wisconsin. The Property is located on a major retail corridor alongside nationally recognized tenants such as Walmart Supercenter, Lowe’s, TJ Maxx, Kohl’s, Planet Fitness, Aldi, Petco, Hobby Lobby, Harbor Freight Tools, Wells Fargo, Advance Auto Parts, Starbucks, Panera Bread, McDonald’s, Applebee’s, Verizon Wireless, and many more. The county seat of Manitowoc County, Manitowoc is a thriving and prosperous community located on Lake Michigan at the mouth of the Manitowoc River. The city is known as Wisconsin’s Maritime Capitol, as it is recognized worldwide as the manufacturer of spectacular yachts and is the sole Wisconsin port for the S.S. Badger, the only upscale passenger vessel still sailing on the Great Lakes. The subject property is 40 miles south of Green Bay and 79 miles north of Milwaukee. The Property serves a trade area that benefits from strong demographics with a population of 37,138 residents and an average household income of $71,722 within a five-mile radius.

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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