For Sale
$2,800,000

4321-4323 8Th StWisconsin Rapids, WI 54494

Wisconsin Rapids Retail Center - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a 21,890 square foot retail center in Wisconsin Rapids, WI, shadow-anchored by a high-performing Walmart Supercenter. The property comprises two single-story buildings constructed in 2007 and situated on a 1.6-acre lot. Currently boasting 91.3% occupancy, the center features six units, including four triple-net leases and one modified gross lease, with one unit currently vacant (8.7% of GLA). Key tenants include Maurices and Mattress Firm, with Mattress Firm recently extending their lease through February 2034. The center's strong historical occupancy and prime location, coupled with the adjacent Walmart's high ranking (19th out of 85 in Wisconsin, per Placer.ai), make this a compelling investment prospect. The asking price is $2,800,000, representing a $127.91 price per square foot and a 7.32% cap rate. The property is well-maintained and offers significant potential for future growth and return on investment. This is a rare opportunity to acquire a stable, high-performing retail center in a desirable location.

Highlights

  • Two-building retail center anchored by Maurices and Mattress Firm.
  • Shadow-anchored by a top-performing Walmart Supercenter (ranked #19 of 85 in Wisconsin by Placer.ai).
  • Four triple-net (NNN) leases and one modified gross lease.
  • One 8.7% vacant unit.
  • Mattress Firm recently renewed for ten years, extending lease through February 2034.
  • Well-maintained, 2007 construction.

Property Details for 4321-4323 8Th St

Property type
Retail properties, Retail space
Square Feet
21,890 SF
Year Built
2007
Buildings
2
Stories
1
Lot Size (sq. ft)
69,696 SF
Units
6

Location Insight

City
Wisconsin Rapids
County
Wood
State
Wisconsin
Latitude
44.355239727844
Longitude
-89.816338199529
4321-4323 8Th St, Wisconsin Rapids, Wisconsin

FAQs

What type of property is this?
Retail property - Wisconsin Rapids Retail Center - High Occupancy
Where is the retail property located?
The property is located at 4321-4323 8Th St Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Two-building retail center anchored by Maurices and Mattress Firm.; Shadow-anchored by a top-performing Walmart Supercenter (ranked #19 of 85 in Wisconsin by Placer.ai).; Four triple-net (NNN) leases and one modified gross lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4321-4323 8Th St
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