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Shopping Neighborhood

New 10-Year Ollie's & Huntington Bank Anchored Center

8042 22nd Ave, Kenosha, WI 53143

Listing Price: $4,423,000

Cap Rate
8.25%
Gross SF
51,072
Rentable SF
51,072
Price/Gross SF
$86.60
Lot Size
4.31 acres
Year Built
1977

Investment Overview

Marcus & Millichap is pleased to exclusively present an Ollie's and Huntington Bank anchored center in Kenosha, Wisconsin. Ollie's recently began a new 10-year lease and attractively has 17 years remaining on a new 20-year roof warranty. Additional notable tenants in the center include Family Dollar and Cost Cutters. Most tenants operate on net leases. This Huntington Bank is among top locations in Wisconsin, with nearly $58.5 million in annual deposits for the year ended 6/30/2023.

Subject property is conveniently situated on a hard-corner location, with nearly 900 feet of combined frontage, and 14,300 vehicles per day. The large parking lot offers 8 points of ingress/egress. Strong surrounding drivers include many schools, major corporations, hospitals, retailers, and other area attractions. It is situated in a densely populated area, with over 117,000 people living within five miles.

Investment Highlights

  • Ollie's Bargain Outlet and Huntington Bank Anchored Center | Shadow-Anchored by CVS
  • New 10-Year Ollie's Lease Commenced May 2024 | 20-Year Roof Warranty for Ollie's Began Fall of 2021
  • Most Tenants Operate on Net Leases | Additional Notable Tenants in the Center Include Family Dollar and Cost Cutters
  • High Visibility on a Signalized Hard-Corner Intersection | Attractive Real Estate
  • Strong Surrounding Drivers Including Many Schools, Major Corporations, Hospitals, Major Retailers, and Area Attractions
  • Densely Populated Area | 117,472 People Live Within Five Miles

Exclusively Listed By

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Neighborhood

New 10-Year Ollie's & Huntington Bank Anchored Center

Listing Price: $4,423,000

Cap Rate
8.25%
Gross SF
51,072
Rentable SF
51,072
Price/Gross SF
$86.60
Lot Size
4.31 acres
Year Built
1977

Investment Highlights

  • Ollie's Bargain Outlet and Huntington Bank Anchored Center | Shadow-Anchored by CVS
  • New 10-Year Ollie's Lease Commenced May 2024 | 20-Year Roof Warranty for Ollie's Began Fall of 2021
  • Most Tenants Operate on Net Leases | Additional Notable Tenants in the Center Include Family Dollar and Cost Cutters
  • High Visibility on a Signalized Hard-Corner Intersection | Attractive Real Estate
  • Strong Surrounding Drivers Including Many Schools, Major Corporations, Hospitals, Major Retailers, and Area Attractions
  • Densely Populated Area | 117,472 People Live Within Five Miles

Investment Overview

Marcus & Millichap is pleased to exclusively present an Ollie's and Huntington Bank anchored center in Kenosha, Wisconsin. Ollie's recently began a new 10-year lease and attractively has 17 years remaining on a new 20-year roof warranty. Additional notable tenants in the center include Family Dollar and Cost Cutters. Most tenants operate on net leases. This Huntington Bank is among top locations in Wisconsin, with nearly $58.5 million in annual deposits for the year ended 6/30/2023. Subject property is conveniently situated on a hard-corner location, with nearly 900 feet of combined frontage, and 14,300 vehicles per day. The large parking lot offers 8 points of ingress/egress. Strong surrounding drivers include many schools, major corporations, hospitals, retailers, and other area attractions. It is situated in a densely populated area, with over 117,000 people living within five miles.

Exclusively Listed By

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

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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