Shopping Neighborhood
Starbucks & McDonald's Shadow Center
1501 N Broadway St, Menomonie, WI 54751
Listing Price: $10,910,000
Investment Overview
Marcus & Millichap is pleased to present the Starbucks and McDonald's shadow center in Menomonie, Wisconsin.
The center is offered at 100 percent occupancy, fully stabilized, with 80 percent of the GLA being leased until at least 2033. Five Below just signed a brand-new 10-year lease, with their store grand opening on October 10. The Seller has invested over $2.5 million in tenant buildouts over the last two years, in addition to another several hundred thousand dollars on other cap ex enhancements.
The 130,000 square foot neighborhood center is positioned on over 10 acres in the heart of the city. It shadow anchors McDonald's, Starbucks and Taco Bell, in a dense retail corridor, just off Interstate 94. Walmart sits on the north side of the interstate, which feeds east towards the Menomonie Muni Airport and Walmart Distribution Center. Menomonie is home to the University of Wisconsin-Stout, which is a polytechnic university that consistently achieves high rankings among national and international institutions, ranking #18 in Top Public Schools. UW-Stout is a member of the Wisconsin State University System, which is also made up of University of Wisconsin-Madison, University of Wisconsin-Milwaukee, and University of Wisconsin-Eau Claire.
Investment Highlights
- 100 Percent Occupied & Fully Stabilized 130,000 Square Foot Neighborhood Center | Zero Lease Rollover until 2027 | 80 Percent of GLA is leased until at least 2033
- Shadows McDonald's, Starbucks & Taco Bell | McDonald's Ranks in the Top 18 Percent Nationwide (placer.ai)
- Brand-New 10-Year Five Below (NASDAQ: "FIVE") Lease | Grand Opening was October 10 | Seller Invested over $1.1 Million in Buildout
- Offered Well Below Replacement Cost at $83 per Square Foot | Seller has Invested over $2.5 Million in Buildouts in Last Two Years
- New Roof in 2017 (20-Year GAF Everguard Warranty)
- Fresh Paint Job on Entire Facility & New Landscaping | Front Main Lot Rehab | New Parking Lot Lights | Monument Sign Rehab with New LED Backed Lighting
- Menomonie is a College Town - Home to the University of Wisconsin-Stout (Enrollment: 6,900) - 124 Acre Campus with 25 Major Academic Buildings & 9 Residence Halls
Listing Price: $10,910,000
Investment Highlights
- 100 Percent Occupied & Fully Stabilized 130,000 Square Foot Neighborhood Center | Zero Lease Rollover until 2027 | 80 Percent of GLA is leased until at least 2033
- Shadows McDonald's, Starbucks & Taco Bell | McDonald's Ranks in the Top 18 Percent Nationwide (placer.ai)
- Brand-New 10-Year Five Below (NASDAQ: "FIVE") Lease | Grand Opening was October 10 | Seller Invested over $1.1 Million in Buildout
- Offered Well Below Replacement Cost at $83 per Square Foot | Seller has Invested over $2.5 Million in Buildouts in Last Two Years
- New Roof in 2017 (20-Year GAF Everguard Warranty)
- Fresh Paint Job on Entire Facility & New Landscaping | Front Main Lot Rehab | New Parking Lot Lights | Monument Sign Rehab with New LED Backed Lighting
- Menomonie is a College Town - Home to the University of Wisconsin-Stout (Enrollment: 6,900) - 124 Acre Campus with 25 Major Academic Buildings & 9 Residence Halls
Investment Overview
Marcus & Millichap is pleased to present the Starbucks and McDonald's shadow center in Menomonie, Wisconsin. The center is offered at 100 percent occupancy, fully stabilized, with 80 percent of the GLA being leased until at least 2033. Five Below just signed a brand-new 10-year lease, with their store grand opening on October 10. The Seller has invested over $2.5 million in tenant buildouts over the last two years, in addition to another several hundred thousand dollars on other cap ex enhancements. The 130,000 square foot neighborhood center is positioned on over 10 acres in the heart of the city. It shadow anchors McDonald's, Starbucks and Taco Bell, in a dense retail corridor, just off Interstate 94. Walmart sits on the north side of the interstate, which feeds east towards the Menomonie Muni Airport and Walmart Distribution Center. Menomonie is home to the University of Wisconsin-Stout, which is a polytechnic university that consistently achieves high rankings among national and international institutions, ranking #18 in Top Public Schools. UW-Stout is a member of the Wisconsin State University System, which is also made up of University of Wisconsin-Madison, University of Wisconsin-Milwaukee, and University of Wisconsin-Eau Claire.