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Shopping Strip

Dollar Tree | Verizon Wireless | Health Hut | Grocery Shadow Anchored Center

5602 S 108th St, Hales Corners, WI 53130

Listing Price: $6,000,000

Cap Rate
7.28%
Gross SF
37,219
Rentable SF
37,219
Price/Gross SF
$161.21
Lot Size
1.82 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present a 100 Percent Occupied Multi-Tenant Shopping Center Anchored by Dollar Tree and Health Hut located in Hales Corner, Wisconsin. This property was recently renovated in 2018. Dollar Tree, Health Hut and Batteries Plus have five years remaining. Mama Bev’s Bakery took over 9th Slice Pizza Company and renovated the entire interior. The bakery items are sold in over 250 stores, including Jewel-Osco and Sendik’s Food Market grocery stores. Shadow anchored by Festival Foods | dominant regional grocer in Wisconsin with 38 locations. Value-add opportunity with replaceable rents on multiple tenants. Dollar Tree is operating at $10.25 per square foot gross with five years remaining and no options. The Leather Factory is operating at $12.00 a square foot with less than a year with remaining and no options. Health Hut is operating at $10.99 a square foot. Long operating history and rental increases. Dollar Tree, Health Hut and the Leather Factory have been operating at this location for over 15 years. Rental increases ranging between two and six percent and up to 21 percent in the option periods. Excellent real estate fundamentals with over 240 feet of frontage along 108th Street/Highway 45. With 40,200 vehicles passing per day. There are four points of ingress/egress with 440-surface spaces on 1.82 acres. The property is less than one mile from Interstate 43 interchange with 81,500 vehicles passing per day. Affluent demographics with 5,760 people live within a one-mile radius of subject property and 156,149 within five miles.

Investment Highlights

  • 100 Percent Occupied Multi-Tenant Shopping Center Anchored by Dollar Tree and Health Hut | Renovated in 2018
  • Shadow Anchored by Festival Foods | Dominant Regional Grocer in Wisconsin with 38 Locations
  • Value-Add Opportunity | Replaceable Rents on Multiple Tenants
  • Long Operating History and Rental Increases
  • Excellent Real Estate Fundamentals
  • Over 240 Feet of Frontage Along 108th Street/Highway 45 | 40,200 Vehicles Passing per Day
  • Affluent Demographics | 5,760 People Live Within a One Mile Radius of Subject Property and 156,149 Within Five Miles

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Shopping Strip

Dollar Tree | Verizon Wireless | Health Hut | Grocery Shadow Anchored Center

Listing Price: $6,000,000

Cap Rate
7.28%
Gross SF
37,219
Rentable SF
37,219
Price/Gross SF
$161.21
Lot Size
1.82 acres
Year Built
1980

Investment Highlights

  • 100 Percent Occupied Multi-Tenant Shopping Center Anchored by Dollar Tree and Health Hut | Renovated in 2018
  • Shadow Anchored by Festival Foods | Dominant Regional Grocer in Wisconsin with 38 Locations
  • Value-Add Opportunity | Replaceable Rents on Multiple Tenants
  • Long Operating History and Rental Increases
  • Excellent Real Estate Fundamentals
  • Over 240 Feet of Frontage Along 108th Street/Highway 45 | 40,200 Vehicles Passing per Day
  • Affluent Demographics | 5,760 People Live Within a One Mile Radius of Subject Property and 156,149 Within Five Miles

Investment Overview

Marcus & Millichap is pleased to present a 100 Percent Occupied Multi-Tenant Shopping Center Anchored by Dollar Tree and Health Hut located in Hales Corner, Wisconsin. This property was recently renovated in 2018. Dollar Tree, Health Hut and Batteries Plus have five years remaining. Mama Bev’s Bakery took over 9th Slice Pizza Company and renovated the entire interior. The bakery items are sold in over 250 stores, including Jewel-Osco and Sendik’s Food Market grocery stores. Shadow anchored by Festival Foods | dominant regional grocer in Wisconsin with 38 locations. Value-add opportunity with replaceable rents on multiple tenants. Dollar Tree is operating at $10.25 per square foot gross with five years remaining and no options. The Leather Factory is operating at $12.00 a square foot with less than a year with remaining and no options. Health Hut is operating at $10.99 a square foot. Long operating history and rental increases. Dollar Tree, Health Hut and the Leather Factory have been operating at this location for over 15 years. Rental increases ranging between two and six percent and up to 21 percent in the option periods. Excellent real estate fundamentals with over 240 feet of frontage along 108th Street/Highway 45. With 40,200 vehicles passing per day. There are four points of ingress/egress with 440-surface spaces on 1.82 acres. The property is less than one mile from Interstate 43 interchange with 81,500 vehicles passing per day. Affluent demographics with 5,760 people live within a one-mile radius of subject property and 156,149 within five miles.

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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