Shopping Strip

Grocery & Dollar General Anchored Plaza

4011 Durand Ave, Racine, WI 53405

Listing Price: $7,881,212

Cap Rate
8.76%
Gross SF
147,879
Rentable SF
147,879
Price/Gross SF
$53.30
Lot Size
14.40 acres
Year Built
1961

Investment Overview

Marcus & Millichap is pleased to present Grocery & Dollar General Anchored Plaza, located in Racine, Wisconsin. This plaza is grocery anchored by a very successful, recently expanded Piggly Wiggly with strong reported sales. The shopping center features a strong mix of national and local tenants, including three tenants that have operated at this location for over twenty years. There is an opportunity to add value and cap rate growth to this investment by leasing the remaining 4,100 square feet of vacant space. The plaza boasts an ideal location on heavily traveled Durand Avenue and Lathrop Avenue while being shadow anchored by nearby Dollar Tree and CVS.

Investment Highlights

  • Grocery Anchored by a Very Successful Piggly Wiggly | Strong Reported Sales
  • Very Limited Grocery Competition in Submarket
  • Priced Well Below Replacement Cost
  • Opportunity to Add Value and Cap Rate Growth by Leasing Remaining 4,100 Square Feet of Vacant Space
  • Shadow Anchored by Dollar Tree and CVS
  • Highly Visible | Over 600 Feet of Frontage

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Shopping Strip

Grocery & Dollar General Anchored Plaza

Listing Price: $7,881,212

Cap Rate
8.76%
Gross SF
147,879
Rentable SF
147,879
Price/Gross SF
$53.30
Lot Size
14.40 acres
Year Built
1961

Investment Highlights

  • Grocery Anchored by a Very Successful Piggly Wiggly | Strong Reported Sales
  • Very Limited Grocery Competition in Submarket
  • Priced Well Below Replacement Cost
  • Opportunity to Add Value and Cap Rate Growth by Leasing Remaining 4,100 Square Feet of Vacant Space
  • Shadow Anchored by Dollar Tree and CVS
  • Highly Visible | Over 600 Feet of Frontage

Investment Overview

Marcus & Millichap is pleased to present Grocery & Dollar General Anchored Plaza, located in Racine, Wisconsin. This plaza is grocery anchored by a very successful, recently expanded Piggly Wiggly with strong reported sales. The shopping center features a strong mix of national and local tenants, including three tenants that have operated at this location for over twenty years. There is an opportunity to add value and cap rate growth to this investment by leasing the remaining 4,100 square feet of vacant space. The plaza boasts an ideal location on heavily traveled Durand Avenue and Lathrop Avenue while being shadow anchored by nearby Dollar Tree and CVS.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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