Slumberland Anchored Retail Complex | Menomonie, WI

101 & 103 Oak Avenue, Menomonie, WI

$9,134,084

Price

7.75%

Cap Rate

$707,891.50

NOI

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Overview
Cap Rate
7.75%
NOI
$707,891.50
Building Size
84,894 sqft
Lot Area
5.14 acres
Occupancy
100%
Year Built
1989
Floors
1
Description

Brisky Net Lease is pleased to offer this thriving and modern retail complex at arguably the best retail intersection in Menomonie, WI. A fresh Slumberland Furniture sale-leaseback anchors our deal, as well as a freshly inked 10-year lease with Marshalls/TJX. The lineups here are terrific with 100% occupancy with varied and successful brands. The main complex was completely redone in 2016 to "like new" condition. The strip center building was constructed shortly thereafter and boasts an excellent lineup anchored by Caribou Coffee/Einstein Bros. Bagels which has been mentioned as a regional leader for performance.

Menomonie is a true Wisconsin college town and has an enormous college spillover population that plays a large part in the success of the complex. This asset is easy to own with very few management responsibilities and is just a short drive from Minneapolis/St. Paul, right off Interstate 94. Other retailers within close proximity include MarketplaceFoods, Dunham Sports, Mills Fleet Farm, Walmart to the north, and downtown Menomonie and the university to the south.

Slumberland Furniture was founded in 1967 by Ken Larson. Since its inception, Slumberland has grown to 125+ stores in 13 states. It is comprised of approx. 50 corporate stores and 75 franchised locations.

The growing town of Menomonie is strategically located along I-94 and between the Twin Cities of Minnesota and Eau Claire and Chippewa Falls.With more than 16,000 people, the city has a thriving industrial base that includes 3M, Ford Motor Company, Wal-Mart Distribution Center, ConAgraFoods – Swiss Miss, Cardinal FG, Andersen Windows, Phillips PlasticsCorporation, and others.

Menomonie is home to several lakes for water sports and fishing, and miles of trails for cross country skiing, hiking, and road or off -road bicycling, making it the ideal location for year-round outdoor activities. Menomonie was voted #15 among the top 20 Best Small Towns in America by Smithsonian Magazine.

The town of Menomonie is home to the University of Wisconsin-Stout. UW-Stout has an international reputation for its excellent degree programs in business, industry, technology, education, human development, and art and design.

Highlights
  • New Redevelopment Anchored by Slumberland Furniture
  • Strong Demographics and Growing Population
  • Great Exposure on Hwy 25 and Interstate 94
  • Home to The University of Wisconsin-Stout
  • Great Visibility & High Daily Traffic Counts
  • Great Mix of National Tenants
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