Shopping Community
Piggly Wiggly Center Platteville WI
125 E Pine St, Platteville, WI 53818
Listing Price: $6,887,000
Investment Overview
Anchored by Piggly Wiggly, a tenant of over 25 years with nearly five years of term remaining, the center benefits from exceptional stability and limited competition, with the nearest grocer nearly 10 miles south and a notable void to the north and northeast. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors. The property maintains a highly stable tenant base with a weighted tenure of 18.95 years, including long-term occupants such as Midwest Bank and Papa Murphy’s (over 20 years), Asian Café (21.5 years), Snap Fitness (nearly 18 years), Pioneer Nutrition, and Tundra Tobacco. The center offers a versatile layout with strong fundamentals, ranked #2 for most visited shopping strips within 50 miles (Placer.ai), supported by a fully leased main floor, value-add potential in second-floor office space, five loading docks, 345 parking spaces, and a drive-thru bank pad. Located within walking distance of the University of Wisconsin–Platteville, less than half a mile away with 6,395 students. The property is also surrounded by large apartment communities and two hotels. The area continues to grow, with 8,848 residents and a daytime population of 12,133 within one mile.
Investment Highlights
- Anchored by Piggly Wiggly, which has been Operating at this Center for 25-Plus Years and has Nearly Five Years of Term Remaining
- Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast
- Corporate Lease | Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation's Largest Grocery Distributors; a Supplier to more than 7,500 Independent Supermarkets
- Weighted Tenant Tenure of 18.95 Years Across Net Leased Tenants, Demonstrating Exceptional Stability
- Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai)
- 95 Percent Occupied | Fully Leased Main Floor with Value Add Potential in the Second Floor Office Spaces
- Less than One-Half Mile from University of Wisconsin–Platteville (6,395 Students, Ranked #12 Top Public Schools, U.S. News)
Listing Price: $6,887,000
Investment Highlights
- Anchored by Piggly Wiggly, which has been Operating at this Center for 25-Plus Years and has Nearly Five Years of Term Remaining
- Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast
- Corporate Lease | Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation's Largest Grocery Distributors; a Supplier to more than 7,500 Independent Supermarkets
- Weighted Tenant Tenure of 18.95 Years Across Net Leased Tenants, Demonstrating Exceptional Stability
- Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai)
- 95 Percent Occupied | Fully Leased Main Floor with Value Add Potential in the Second Floor Office Spaces
- Less than One-Half Mile from University of Wisconsin–Platteville (6,395 Students, Ranked #12 Top Public Schools, U.S. News)
Investment Overview
Anchored by Piggly Wiggly, a tenant of over 25 years with nearly five years of term remaining, the center benefits from exceptional stability and limited competition, with the nearest grocer nearly 10 miles south and a notable void to the north and northeast. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors. The property maintains a highly stable tenant base with a weighted tenure of 18.95 years, including long-term occupants such as Midwest Bank and Papa Murphy’s (over 20 years), Asian Café (21.5 years), Snap Fitness (nearly 18 years), Pioneer Nutrition, and Tundra Tobacco. The center offers a versatile layout with strong fundamentals, ranked #2 for most visited shopping strips within 50 miles (Placer.ai), supported by a fully leased main floor, value-add potential in second-floor office space, five loading docks, 345 parking spaces, and a drive-thru bank pad. Located within walking distance of the University of Wisconsin–Platteville, less than half a mile away with 6,395 students. The property is also surrounded by large apartment communities and two hotels. The area continues to grow, with 8,848 residents and a daytime population of 12,133 within one mile.