For Sale
$2,995,000

220 Wisconsin St Oshkosh, WI 54901

Oshkosh, WI retail investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
University Plaza, a prime Oshkosh, WI retail investment, offers 28,379 square feet across two buildings situated on 220 Wisconsin St, 54901. Built in 1971 and 1973, with renovations in 2003 and 2006, this multi-tenant shopping center boasts 100% occupancy and a strong NOI of $258,601, yielding an 8.63% cap rate. The asking price is $2,995,000, translating to $105.54 per square foot. Ideally located adjacent to the University of Wisconsin-Oshkosh and surrounded by student housing, the property features a diverse tenant mix of 14 units, including a blend of net and gross leases. Seven tenants operate under net leases, and seven under gross leases. Notable long-term tenants include establishments operating since 2001 and 2002, demonstrating consistent occupancy and strong tenant relationships. The property benefits from recent leasing activity and a high market occupancy rate of 97.7% (per Costar data for Oshkosh retail). This presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a vibrant college town setting. The property is not subject to a ground lease.

Highlights

  • 100% Occupancy, 9.09% Cash-on-Cash Return.
  • Prime location across from University of Wisconsin-Oshkosh, surrounded by student housing.
  • Mixed lease structure: seven net leases, seven gross leases.
  • Stable tenancy with long-term tenants including Toppers (since 2002) and Niko's Gyros (since 2001), and recent strong leasing activity.
  • Oshkosh retail market boasts 97.7% occupancy (CoStar).

Property Details for 220 Wisconsin St

Property type
Lifestyle centers, Power centers
Square Feet
28,379 SF
Year Built/Renovated
1971/2003
Buildings
2

Location Insight

City
Oshkosh
County
Winnebago
State
Wisconsin
Latitude
44.020935507834
Longitude
-88.54726220551
220 Wisconsin St, Oshkosh, Wisconsin

FAQs

What type of property is this?
Lifestyle center - Oshkosh, WI retail investment opportunity
Where is the lifestyle center located?
The property is located at 220 Wisconsin St Oshkosh, WI.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 100% Occupancy, 9.09% Cash-on-Cash Return.; Prime location across from University of Wisconsin-Oshkosh, surrounded by student housing.; Mixed lease structure: seven net leases, seven gross leases.
How can I contact the broker?
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220 Wisconsin St
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