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Park Plaza

2670 E Main St, Reedsburg, WI 53959

Listing Price: $2,725,000

Cap Rate
8.32%
Gross SF
28,586
Rentable SF
28,586
Price/Gross SF
$95.33
Lot Size
2.20 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present Park Plaza at 2670 E. Main Street in Reedsburg, WI. Park Plaza is 96.15% occupied with only one vacant unit allowing for upside opportunity. All leases are structured as Triple Net and most are personally guaranteed. This center has long term occupancy with 72% of the building occupied by existing tenants since 2005 or earlier.

Rent roll and other confidential information is available with a signed confidentiality agreement, Please contact listing agent for the CA or with any questions.

Investment Highlights

  • 100% OCCUPIED RETAIL CENTER -12 UNITS
  • ALL LEASES STRUCTURED AS TRIPLE-NET (MINIMAL LANDLORD RESPONSIBILITY)
  • SOLE VACANCY JUST LEASED BY NEW LIFE PHYSICAL THERAPY
  • LONG TERM TENANCY 72% OF BUILDING OCCUPIED BY EXISTING TENANTS SINCE 2005
  • DOLLAR TREE HAS OCCUPIED 28% OF BUILDING SINCE 2003 AND HAS RENEWED THREE TIMES
  • MAJORITY OF LEASES BACKED BY PERSONAL GUARANTEES

Exclusively Listed By

Financing By

Listing Price: $2,725,000

Cap Rate
8.32%
Gross SF
28,586
Rentable SF
28,586
Price/Gross SF
$95.33
Lot Size
2.20 acres
Year Built
2002

Investment Highlights

  • 100% OCCUPIED RETAIL CENTER -12 UNITS
  • ALL LEASES STRUCTURED AS TRIPLE-NET (MINIMAL LANDLORD RESPONSIBILITY)
  • SOLE VACANCY JUST LEASED BY NEW LIFE PHYSICAL THERAPY
  • LONG TERM TENANCY 72% OF BUILDING OCCUPIED BY EXISTING TENANTS SINCE 2005
  • DOLLAR TREE HAS OCCUPIED 28% OF BUILDING SINCE 2003 AND HAS RENEWED THREE TIMES
  • MAJORITY OF LEASES BACKED BY PERSONAL GUARANTEES

Investment Overview

Marcus & Millichap is pleased to present Park Plaza at 2670 E. Main Street in Reedsburg, WI. Park Plaza is 96.15% occupied with only one vacant unit allowing for upside opportunity. All leases are structured as Triple Net and most are personally guaranteed. This center has long term occupancy with 72% of the building occupied by existing tenants since 2005 or earlier.

Rent roll and other confidential information is available with a signed confidentiality agreement, Please contact listing agent for the CA or with any questions.

Exclusively Listed By

Financing By

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