Skip to main content

Shopping Strip

Watertown Walmart Shadow Strip

1907 Market Way, Watertown, WI 53094

Listing Price: $2,407,000

Cap Rate
8.65%
Gross SF
13,831
Rentable SF
13,831
Price/Gross SF
$174.03
Lot Size
3.64 acres
Year Built
2006

Investment Overview

Marcus and Millichap is Pleased to Present this 100 Percent Occupied 13,831 Square Foot Seven Tenant Strip Center in Watertown, Wisconsin. Shadow Anchored by Walmart Supercenter and Tractor Supply Co.

Investment Highlights

  • 100 Percent Occupied 13,831 Square Foot Seven Tenant Strip Center in Watertown, Wisconsin
  • Shadow Anchored by Walmart Supercenter and Tractor Supply Co
  • All Tenants are E-Commerce - Proof and Service Oriented, an Ideal Fit for Area Demographics
  • Liquidation Retail Store "The Bin Store" Occupies 36 Percent of Gross Leasable Area with a New Four Year Lease Executed at $15 per Square Foot Triple-Net
  • 87 Percent of Gross Leasable Area is Subject to Landlord-Favorable Triple-Net Reimbursement Structure; With the Potential to Self-Manage and Collect Fees Adds an Additional $21,000 Plus of Potential Income
  • Projected 10.05 Percent Cash on Cash Return and 15 Percent Total Return Based on List Price with Market Financing
  • Situated off of Hwy 26 and S. Church Street Seeing 12,210 Vehicles per Day

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Shopping Strip

Watertown Walmart Shadow Strip

Listing Price: $2,407,000

Cap Rate
8.65%
Gross SF
13,831
Rentable SF
13,831
Price/Gross SF
$174.03
Lot Size
3.64 acres
Year Built
2006

Investment Highlights

  • 100 Percent Occupied 13,831 Square Foot Seven Tenant Strip Center in Watertown, Wisconsin
  • Shadow Anchored by Walmart Supercenter and Tractor Supply Co
  • All Tenants are E-Commerce - Proof and Service Oriented, an Ideal Fit for Area Demographics
  • Liquidation Retail Store "The Bin Store" Occupies 36 Percent of Gross Leasable Area with a New Four Year Lease Executed at $15 per Square Foot Triple-Net
  • 87 Percent of Gross Leasable Area is Subject to Landlord-Favorable Triple-Net Reimbursement Structure; With the Potential to Self-Manage and Collect Fees Adds an Additional $21,000 Plus of Potential Income
  • Projected 10.05 Percent Cash on Cash Return and 15 Percent Total Return Based on List Price with Market Financing
  • Situated off of Hwy 26 and S. Church Street Seeing 12,210 Vehicles per Day

Investment Overview

Marcus and Millichap is Pleased to Present this 100 Percent Occupied 13,831 Square Foot Seven Tenant Strip Center in Watertown, Wisconsin. Shadow Anchored by Walmart Supercenter and Tractor Supply Co.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

MM Texture Background
MM Textured Background Lower