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Shopping Community

Piggly Wiggly Center Platteville WI

125 E Pine St, Platteville, WI 53818

Listing Price: $6,887,000

Cap Rate
7.50%
Gross SF
81,398
Rentable SF
81,398
Price/Gross SF
$84.61
Lot Size
8.67 acres
Year Built
1967

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)

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Community

Piggly Wiggly Center Platteville WI

Listing Price: $6,887,000

Cap Rate
7.50%
Gross SF
81,398
Rentable SF
81,398
Price/Gross SF
$84.61
Lot Size
8.67 acres
Year Built
1967

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.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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