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Shopping Neighborhood

Grand Avenue Shopping Center

2201 Grand Avenue, Wausau, WI 54403

Listing Price: $2,068,000

Cap Rate
9.00%
Gross SF
33,381
Rentable SF
33,381
Price/Gross SF
$61.95
Lot Size
2.81 acres
Year Built
1957

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Grand Avenue Shopping Center located in Wausau, Wisconsin. Grand Avenue Shopping Center is a 90.56 percent occupied, 33,381-square-foot neighborhood strip center that is priced well below replacement cost at $62 per square foot. Grand Avenue Shopping Center is being offered for $2.07 million.

Investment Highlights

  • 90.56 Percent Occupied, 33,381-Square-Foot Neighborhood Strip Center in Wausau, Wisconsin, Priced Well Below Replacement Cost at $62 per Square Foot
  • Strong Mix of Recession and COVID – Proof National and Local Tenants Including Firestone, Family Dollar, Sears Hometown and Mary Mother of Good Help
  • Cheap Rents = Average of $7.89 per Square Foot, Large 2.8 Acre Site
  • Firestone has Been a Long - Term Tenant since 1972 with Multiple Renewal's Exercised, Occupies 21.86 Percent of Gross Leasable Area, Current Lease Through 2027
  • Family Dollar has Been a Long - Term Tenant Since 2003 with Multiple Renewal's Exercised, Occupies 22.69 Percent of Gross Leasable Area, Current Lease Through 2028
  • Additional Upside Via Lease Up of 3,150 Square Feet; Potentially Adding an Extra $25,200 of Annual Rent
  • 81 Percent of Total Gross Leasable Area Include National Tenants Firestone, Family Dollar and Sears Hometown
  • Positioned on the Hard Corner of US Route 51 and E Kent St Seeing 23,734 Vehicles per Day with Great Frontage and Visibility

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Neighborhood

Grand Avenue Shopping Center

Listing Price: $2,068,000

Cap Rate
9.00%
Gross SF
33,381
Rentable SF
33,381
Price/Gross SF
$61.95
Lot Size
2.81 acres
Year Built
1957

Investment Highlights

  • 90.56 Percent Occupied, 33,381-Square-Foot Neighborhood Strip Center in Wausau, Wisconsin, Priced Well Below Replacement Cost at $62 per Square Foot
  • Strong Mix of Recession and COVID – Proof National and Local Tenants Including Firestone, Family Dollar, Sears Hometown and Mary Mother of Good Help
  • Cheap Rents = Average of $7.89 per Square Foot, Large 2.8 Acre Site
  • Firestone has Been a Long - Term Tenant since 1972 with Multiple Renewal's Exercised, Occupies 21.86 Percent of Gross Leasable Area, Current Lease Through 2027
  • Family Dollar has Been a Long - Term Tenant Since 2003 with Multiple Renewal's Exercised, Occupies 22.69 Percent of Gross Leasable Area, Current Lease Through 2028
  • Additional Upside Via Lease Up of 3,150 Square Feet; Potentially Adding an Extra $25,200 of Annual Rent
  • 81 Percent of Total Gross Leasable Area Include National Tenants Firestone, Family Dollar and Sears Hometown
  • Positioned on the Hard Corner of US Route 51 and E Kent St Seeing 23,734 Vehicles per Day with Great Frontage and Visibility

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Grand Avenue Shopping Center located in Wausau, Wisconsin. Grand Avenue Shopping Center is a 90.56 percent occupied, 33,381-square-foot neighborhood strip center that is priced well below replacement cost at $62 per square foot. Grand Avenue Shopping Center is being offered for $2.07 million.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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