For Sale
$5,100,000

1699 Schofield AveSchofield, WI 54476

High-yield shopping center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 41,221 square foot shopping center in Schofield, Wisconsin, presents a compelling value-add investment opportunity. Located on a busy intersection at 1699 Schofield Ave, 54476, this multi-tenant property boasts 26 units across four one-story buildings situated on a 5.28-acre lot (APN: 281-2808-182-1077). Currently 78% occupied, the center features a mix of established tenants including Charter Media, Little Caesar's, Haven Transport, and the DC Everest School District. There are 8,272 square feet of vacant, versatile suites available, offering significant upside potential. Built in 1995 with renovations completed between 2015 and 2020, the property benefits from a recently repaved parking lot (2021) and phased roof replacements (2015, 2016, 2021). The property enjoys excellent visibility thanks to a prominent monument sign. The asking price is $5,100,000, representing a 6.49% cap rate, with a pro forma cap rate exceeding 11% upon full occupancy. This is a rare opportunity to acquire a well-located, multi-tenant retail center with substantial growth potential in a thriving Wisconsin community.

Highlights

  • Pro forma cap rate exceeds 11% at full occupancy.
  • Parking lot resurfaced in 2021.
  • Roof sections replaced in 2015, 2016, and 2021.
  • High visibility; monument signage on prominent corner lot.

Property Details for 1699 Schofield Ave

Property type
Lifestyle centers, Power centers
Square Feet
41,221 SF
Year Built/Renovated
1995/2015
Buildings
4
Stories
1
Lot Size (sq. ft)
229,997 SF
Units
26

Location Insight

City
Schofield
County
Marathon
State
Wisconsin
Latitude
44.9098703
Longitude
-89.6036413
1699 Schofield Ave, Schofield, Wisconsin

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1699 Schofield Ave
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