Shopping Neighborhood
Park Plaza
1100 S 30th St, Manitowoc, WI 54220
Listing Price: $9,510,000
Investment Overview
100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT. 3 Separate Buildings in Offering – Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center. 4,831 SF 2-Tenant Freestanding Outparcel Building with Excellent Visibility & Frontage. Situated Along Route 42 with 17,170 VPD – Primary Retail Corridor and Arterial Connecting Downtown Manitowoc to I-43.
Park Plaza
Investment Highlights
- 100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT
- 3 Separate Buildings in Offering – Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center
- Anchored by Hobby Lobby (41% of GLA) – Tenant Since 2005; Recent 10 Yr Renewal; Cheap $3.25/SF NNN Rent
- Mark to Market Opportunity - Average In- Place Rent of $7.87/SF
- Durable, Tenured Rent Roll – 60% of Tenants in Place for 20+ Years
- 4,831 SF 2-Tenant Freestanding Outparcel Building with Excellent Visibility & Frontage
- Functional Site Layout at Signalized Intersection with Multiple Access Points (7)
Listing Price: $9,510,000
Investment Highlights
- 100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT
- 3 Separate Buildings in Offering – Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center
- Anchored by Hobby Lobby (41% of GLA) – Tenant Since 2005; Recent 10 Yr Renewal; Cheap $3.25/SF NNN Rent
- Mark to Market Opportunity - Average In- Place Rent of $7.87/SF
- Durable, Tenured Rent Roll – 60% of Tenants in Place for 20+ Years
- 4,831 SF 2-Tenant Freestanding Outparcel Building with Excellent Visibility & Frontage
- Functional Site Layout at Signalized Intersection with Multiple Access Points (7)
Investment Overview
100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT. 3 Separate Buildings in Offering – Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center. 4,831 SF 2-Tenant Freestanding Outparcel Building with Excellent Visibility & Frontage. Situated Along Route 42 with 17,170 VPD – Primary Retail Corridor and Arterial Connecting Downtown Manitowoc to I-43.
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