request_info_guest false
Street View
Map
2 Photos

Grocery Anchored Shopping Center, NNN National Tenants

$6,795,000

4310 67th Drive, Union Grove, WI 53182

Active
Last Updated: 04/02/2024

6.66

Cap Rate

450,574

NOI

Details:
Cap Rate:    6.66%
NOI:    $450,574
Pro Forma Cap Rate :    7%
Building Size:    43,868 sqft
Lot Area:    4 acres
Lease Type:    Triple Net
Year Built:    2003
Price Per Sqft:    $154.90
Tenancy:    Multiple
Highlights:
  • Piggly Wiggly Occupies 69% of total GLA, 10 + yrs remaining on the lease
  • NNN Leases, corporate guaranteed
  • 97% Occupied
  • Minimal Landlord responsibilities
  • Onsite management
  • 2003 Quality Construction
  • Parking lot seal, coated in 2018 and completely resurfaced in 2022-23
Description:

Maple Grove Shopping Center is a well maintained grocery anchored shopping center located in a fast growing community of Union Grove, which is the heart of Racine County. Proximity to intersection of U.S. Highway 45 and Wisconsin Highway 11, only five miles west of Interstate 94. Close to cities of Milwaukee and Chicago.
In addition to multiple residential development projects that are already underway in Union Grove, Microsoft plans to develop a $1 billion data center campus in Mount Pleasant, a close proximity to Union Grove.

Map:
Documents:
Title
Maple_Grove_OM_2023.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery