2230 Main StGreen Bay, WI 54302

Property Details for 2230 Main St

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

1,975 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

21 457-6

APU

214576

Description

This exceptional investment opportunity presents a fee-simple ownership of a 6,025-square-foot, three-tenant retail strip center in Green Bay, Wisconsin. The property, constructed in 2018, boasts a prime location on a one-acre lot at a four-way signalized intersection, ensuring high visibility and accessibility. Currently 100% occupied since March 31, 2018, the center features a diverse tenant mix including Starbucks (with a drive-thru), US Cellular, and ATI Physical Therapy. All tenants operate under NNN leases, providing a passive income stream for the owner. Starbucks' lease includes a corporate guarantee, and the US Cellular lease, encompassing 19 units, also offers a corporate guarantee. The leases offer a remaining term of approximately 3.4 years, with lease expirations in March 2028, except for US Cellular, which has notified of intent to vacate on July 1, 2026, or earlier, fulfilling lease obligations until that date. The property's strong performance is evidenced by Starbucks' exceeding 251,000 customer visits in the past year. The asking price is $2,932,000, representing a 6.00% cap rate and a net operating income (NOI) of $175,932. The property is zoned commercial and offers lease options. This presents a compelling opportunity for investors seeking a stabilized, NNN retail investment with strong tenant credit and significant upside potential. The low rents offer potential for future increases. The property's location in Green Bay, Wisconsin, provides access to a robust market.

• CAP approach

  CAP return

  Valuation

  6%

  $524,216

  6.5%

  $483,892

  7%

  $449,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,281

  Geo Method

  $648,254

• Alternative Use

  Use

  Valuation

  Residential

  $408,181

  Hospitality

  $373,892

  Educational

  $311,073

  Medical

  $321,772

  Retail

  $483,892

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Latitude

44.4846

Longitude

-87.9719

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].