Shopping Strip
The Tile Shop (NSDQ: TTSH) Anchored Center | Absolute NNN
1701 S 108th St, West Allis, WI 53214
Listing Price: $5,060,000
Cap Rate
7.75%
Gross SF
35,670
Rentable SF
35,670
Price/Gross SF
$141.86
Lot Size
2.01 acres
Year Built
1974
Investment Overview
The Tile Shop (NASDAQ: TTSH) Anchored Retail Center | Absolute NNN
The Tile Shop (NSDQ: TTSH) Anchored Center | Absolute NNN
Investment Highlights
- PRIME LOCATION: Direct Frontage on a Main Thoroughfare in West Allis (39,000+ VPD) Less Than One Mile Away from I-41 Access (141,000+ VPD)
- NATIONAL & LOCAL TENANTS: Corporately Guaranteed Tile Shop Lease with 30+ Year Operating History | Allied Pools Has 50+ Year Operating History in Market
- FAVORABLE LEASE STRUCTURES: Absolute Triple Net (NNN) Leases Allow for Full Expense Reimbursements
- FINANCIAL STRENGTH: Day One 7.75% Cap Rate | 7.98% Return Including $11,000+ in Additional Income
- PRICED BELOW REPLACEMENT COST: Property is Priced at $141.86 per Square Foot
- MARKET DEMOGRAPHICS: 280,000+ People Within a 5-Mile Radius
- RETAILER HUB: Directly Across the Street from a Grocery Anchored Retail Plaza Inclusive of Tenants Such As Aldi, Fresenius, Culvers, etc.
- RECENT CAPEX: $200,000+ Spent in Recent Parking Lot & Roof Upgrades Which is Reimbursed 100% by the Tenants | 20-Year Transferrable Roof Warranty
Shopping Strip
The Tile Shop (NSDQ: TTSH) Anchored Center | Absolute NNN
Listing Price: $5,060,000
Cap Rate
7.75%
Gross SF
35,670
Rentable SF
35,670
Price/Gross SF
$141.86
Lot Size
2.01 acres
Year Built
1974
Investment Highlights
- PRIME LOCATION: Direct Frontage on a Main Thoroughfare in West Allis (39,000+ VPD) Less Than One Mile Away from I-41 Access (141,000+ VPD)
- NATIONAL & LOCAL TENANTS: Corporately Guaranteed Tile Shop Lease with 30+ Year Operating History | Allied Pools Has 50+ Year Operating History in Market
- FAVORABLE LEASE STRUCTURES: Absolute Triple Net (NNN) Leases Allow for Full Expense Reimbursements
- FINANCIAL STRENGTH: Day One 7.75% Cap Rate | 7.98% Return Including $11,000+ in Additional Income
- PRICED BELOW REPLACEMENT COST: Property is Priced at $141.86 per Square Foot
- MARKET DEMOGRAPHICS: 280,000+ People Within a 5-Mile Radius
- RETAILER HUB: Directly Across the Street from a Grocery Anchored Retail Plaza Inclusive of Tenants Such As Aldi, Fresenius, Culvers, etc.
- RECENT CAPEX: $200,000+ Spent in Recent Parking Lot & Roof Upgrades Which is Reimbursed 100% by the Tenants | 20-Year Transferrable Roof Warranty
Investment Overview
The Tile Shop (NASDAQ: TTSH) Anchored Retail Center | Absolute NNN
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