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Shopping Strip

East Paradise Center

810 E Paradise Dr, West Bend, WI 53095

Listing Price: $4,105,000

Cap Rate
7.54%
Gross SF
25,917
Rentable SF
25,917
Price/Gross SF
$158.39
Lot Size
3.71 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present East Paradise Shopping Center located in West Bend, Wisconsin. This medtail center has medical, retail, office and restaurant tenants. This value-add opportunity by leasing vacant space and converting gross leases 1,753 square feet of vacant space (seven percent). National, regional, and local tenants with majority with a rental increase eight of the tenants have rental increases in 2021. Long-term tenants with four of the tenants having been at the center since 2012 or earlier. Situated along East Paradise Drive with 28,000 vehicles passing per day located across the street from Paradise Golf and Recreation. The property is within five miles of the subject property the average household is $104,974 with roughly 14,051 people. Highly visible with 495 feet of frontage with multiple access points three access points along Paradise Drive and one along South River Road through easements. Located one mile from the East and West High School and Decorah Elementary School, combined 2,268 students. Located north of Metal Craft by roughly a mile with 700 employees.

Investment Highlights

  • Medtail Center | Medical, Retail, Office and Restaurant Tenants
  • Value-Add Opportunity by Leasing Vacant Space and Converting Gross Leases
  • National, Regional, and Local Tenants | Majority with a Rental Increase
  • Long-Term Tenants | Four of the Tenant have been at the Center Since 2012 or Earlier
  • Situated Along East Paradise Drive with 28,000 Vehicles Passing per Day
  • Within Five Miles of the Subject Property the Average Household is $104,974 with Roughly 14,051 People

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Listing Price: $4,105,000

Cap Rate
7.54%
Gross SF
25,917
Rentable SF
25,917
Price/Gross SF
$158.39
Lot Size
3.71 acres
Year Built
2007

Investment Highlights

  • Medtail Center | Medical, Retail, Office and Restaurant Tenants
  • Value-Add Opportunity by Leasing Vacant Space and Converting Gross Leases
  • National, Regional, and Local Tenants | Majority with a Rental Increase
  • Long-Term Tenants | Four of the Tenant have been at the Center Since 2012 or Earlier
  • Situated Along East Paradise Drive with 28,000 Vehicles Passing per Day
  • Within Five Miles of the Subject Property the Average Household is $104,974 with Roughly 14,051 People

Investment Overview

Marcus & Millichap is pleased to present East Paradise Shopping Center located in West Bend, Wisconsin. This medtail center has medical, retail, office and restaurant tenants. This value-add opportunity by leasing vacant space and converting gross leases 1,753 square feet of vacant space (seven percent). National, regional, and local tenants with majority with a rental increase eight of the tenants have rental increases in 2021. Long-term tenants with four of the tenants having been at the center since 2012 or earlier. Situated along East Paradise Drive with 28,000 vehicles passing per day located across the street from Paradise Golf and Recreation. The property is within five miles of the subject property the average household is $104,974 with roughly 14,051 people. Highly visible with 495 feet of frontage with multiple access points three access points along Paradise Drive and one along South River Road through easements. Located one mile from the East and West High School and Decorah Elementary School, combined 2,268 students. Located north of Metal Craft by roughly a mile with 700 employees.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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