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Shopping Strip

USPS Retail Center

830 Main St, Union Grove, WI 53182

Listing Price: $600,000

Cap Rate
7.75%
Gross SF
6,600
Rentable SF
6,600
Price/Gross SF
$90.91
Lot Size
0.44 acres
Year Built
1965

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a 2-tenant 6,600 square-foot retail center located in Union Grove, Wisconsin. This center is leased to the United States Postal Service and Balance of Mind Therapy. USPS recently extended through October 31, 2028. USPS has a credit rating of Aaa+ (per Moody's Corporation) Union Grove is located 25 miles southwest from Milwaukee and 70 miles northwest of Chicago. Many of the residents commute to both cities for work. 6,400 vehicles per day pass the subject property. Priced below its replacement cost at $90.91 per square foot, this property could not be built today for the current asking price. The asking cap rate is 7.75 percent and with today's available debt, a 7.45% cash on cash return is achievable. Please reach out to Marcus & Millichap with additional questions about this opportunity.

Investment Highlights

  • Main on Main Location in Union Grove, Wisconsin
  • Priced at an 7.75% CAP Rate 7.45% Cash-On-Cash-Return
  • USPS just extended through October, 2028
  • Priced below Replacement Cost I $90.91/sf
  • Union Grove is 25 miles southwest from Milwaukee and 70 miles northwest of Chicago
  • Brand New Roof (2022)

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

USPS Retail Center

Listing Price: $600,000

Cap Rate
7.75%
Gross SF
6,600
Rentable SF
6,600
Price/Gross SF
$90.91
Lot Size
0.44 acres
Year Built
1965

Investment Highlights

  • Main on Main Location in Union Grove, Wisconsin
  • Priced at an 7.75% CAP Rate 7.45% Cash-On-Cash-Return
  • USPS just extended through October, 2028
  • Priced below Replacement Cost I $90.91/sf
  • Union Grove is 25 miles southwest from Milwaukee and 70 miles northwest of Chicago
  • Brand New Roof (2022)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a 2-tenant 6,600 square-foot retail center located in Union Grove, Wisconsin. This center is leased to the United States Postal Service and Balance of Mind Therapy. USPS recently extended through October 31, 2028. USPS has a credit rating of Aaa+ (per Moody's Corporation) Union Grove is located 25 miles southwest from Milwaukee and 70 miles northwest of Chicago. Many of the residents commute to both cities for work. 6,400 vehicles per day pass the subject property. Priced below its replacement cost at $90.91 per square foot, this property could not be built today for the current asking price. The asking cap rate is 7.75 percent and with today's available debt, a 7.45% 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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