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Shopping Strip

Shoppes at Oneida

2621 S Oneida St, Green Bay, WI 54304

Listing Price: $3,945,000

Cap Rate
7.50%
Gross SF
14,321
Rentable SF
14,321
Price/Gross SF
$275.47
Lot Size
1.96 acres
Year Built
2000

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 100% fee simple interest in the Shoppes at Oneida, (the “Property”), a 14,321 square foot, Class “A” retail strip center located in Green Bay, WI.

Built in 2005, the restaurant and service-based retail strip center is 100% leased to 5 national tenants on a 1.96-acre site just 1.5 miles from Lambeau Field – Home of the Green Bay Packers. Located next to the interchange of I-41 (69,000 VPD) and Hwy-172 (83,000 VPD), the Property sits at the epicenter of one of Green Bay’s most dominant retail corridors and is surrounded by a critical mass of nearby national retailers including Aldi, Fresh Thyme Market, Target, Hobby Lobby, Dave & Buster’s, Dick’s, Best Buy, Kohl’s, and Hyvee, among others.

The Shoppes at Oneida has a long-standing track record of maintaining high occupancy levels and is a part of the larger Shoppes at the Village, which attracts more than 2,000,000 annual visitors. Additionally, the directly adjacent Panera Bread is the #2 busiest location in the state of Wisconsin according to Placer AI, and the adjacent Red Robin does over $4M in annual sales.

The Property features two new tenants, Nothing Bundt Cakes & Blo Blow Dry Bar, who both recently executed 10-year leases providing a long term, stable tenant base. The remaining tenants are a complimentary mix of retail, restaurant, and service tenants which are e-commerce proof and cater to the surrounding communities.

The Property is being offered free and clear of debt at a 7.5% cap rate totaling $3,945,000.

Investment Highlights

  • HIGH PERFORMING SHADOW ANCHORS
  • RESTAURANT AND E-COMMERCE PROOF NATIONAL TENANT BASE
  • DESIRABLE DEMOGRAPHICS

Exclusively Listed By

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Shopping Strip

Shoppes at Oneida

Listing Price: $3,945,000

Cap Rate
7.50%
Gross SF
14,321
Rentable SF
14,321
Price/Gross SF
$275.47
Lot Size
1.96 acres
Year Built
2000

Investment Highlights

  • HIGH PERFORMING SHADOW ANCHORS
  • RESTAURANT AND E-COMMERCE PROOF NATIONAL TENANT BASE
  • DESIRABLE DEMOGRAPHICS

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 100% fee simple interest in the Shoppes at Oneida, (the “Property”), a 14,321 square foot, Class “A” retail strip center located in Green Bay, WI. Built in 2005, the restaurant and service-based retail strip center is 100% leased to 5 national tenants on a 1.96-acre site just 1.5 miles from Lambeau Field – Home of the Green Bay Packers. Located next to the interchange of I-41 (69,000 VPD) and Hwy-172 (83,000 VPD), the Property sits at the epicenter of one of Green Bay’s most dominant retail corridors and is surrounded by a critical mass of nearby national retailers including Aldi, Fresh Thyme Market, Target, Hobby Lobby, Dave & Buster’s, Dick’s, Best Buy, Kohl’s, and Hyvee, among others. The Shoppes at Oneida has a long-standing track record of maintaining high occupancy levels and is a part of the larger Shoppes at the Village, which attracts more than 2,000,000 annual visitors. Additionally, the directly adjacent Panera Bread is the #2 busiest location in the state of Wisconsin according to Placer AI, and the adjacent Red Robin does over $4M in annual sales. The Property features two new tenants, Nothing Bundt Cakes & Blo Blow Dry Bar, who both recently executed 10-year leases providing a long term, stable tenant base. The remaining tenants are a complimentary mix of retail, restaurant, and service tenants which are e-commerce proof and cater to the surrounding communities. The Property is being offered free and clear of debt at a 7.5% cap rate totaling $3,945,000.

Exclusively Listed By

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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