820 Main StWest Bend, WI 53095

This exceptional investment opportunity presents a 42,331 square foot shopping center located at 820-852 S Main St, West Bend, WI 53095. The property boasts a strong 8.66% capitalization rate and a Net Operating Income (NOI) of $221,308, supported by a 100% occupancy rate across its twelve units. The center features a mix of lease types, including triple-net and modified gross leases, providing diverse income streams. Significant recent improvements include new roofs installed in 2018 and 2022, with transferable warranties extending to 2038 and 2044 respectively, minimizing future capital expenditures. The property sits on a 3.42-acre lot and comprises a single, one-story building constructed in 1976. Current rents are below market value, and only two leases contain options, presenting significant upside potential for future income growth. A new five-year lease with annual increases has recently been signed with a prominent tenant. Six tenants also benefit from base term rent increases, further enhancing the property's long-term financial performance. This well-maintained, fully occupied shopping center represents a compelling investment opportunity with substantial upside potential. The asking price is $2,555,000, translating to $60.36 per square foot.