Petco Anchored Retail Center for Sale

770-806 W. Paradise Drive, West Bend, WI

$3,672,325

Price

6.74%

Cap Rate

$202,189

NOI

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Street
Map
Overview
Cap Rate
6.74%
NOI
$202,189
Building Size
25,135 sqft
Lot Area
2.92 acres
Occupancy
100%
Units
4
Year Built
2007
Floors
1
Parking Spots
154
Description

25,135 square foot Petco anchored retail investment opportunity available for $3,672,325. This is a well-located retail center that is 100% occupied. The center has four tenants including Petco, Anytime Fitness, Gel Nail Salon and Skinny Vic's Breakfast/Lunch Cafe. The center is also shadowed anchored by Marshalls and Home Depot. The property is comprised of 2.92 acres and has a shared parking field with the other retailers.

The property is located directly on Paradise Drive on the main retail corridor of West Bend. The property was constructed in 2007 and is in excellent condition. The overall market includes many national tenants including Walmart, Home Depot, Menards, Shopko, Kohl's, Walgreens, Hobby Lobby, Marshalls, Pick 'N Save, Meijer and a variety of restaurants and other retailers.

West Bend, WI is a suburb of Milwaukee located 40 miles north of the city immediately off of U.S. Highway 45 and State Highway 33. It is considered one of Wisconsin's most scenic areas nestled in the beautiful hills of Kettle Moraine. This area is well known for its charming, small town feel with the conveniences of a modern City. This market has a solid population of over 101,000 within a five-mile radius. Average Incomes are very stable at $73,000. The West Bend retail corridor draws from a very wide, over ten-mile trade area thus making this a destination point for shoppers.
Paradise Walk is one of two major retail markets in West Bend. Located directly on Paradise Drive, it is easily accessed by U.S. Highway 45 with a full interchange. U.S. Highway 45 has 34,000 VPD and Paradise Drive, directly in front of the property, has over 30,000 VPD. West Bend is the center of Wisconsin's Washing County at the junction of U.S. Highway 45 and State Highway 33 with a 30-minute drive to Milwaukee and three hours to Chicago. The West Bend Municipal Airport is located on the east side of West Bend.

West Bend enjoys many parks and recreation with a unique blend of city and county parks including miles of trails, natural areas, and active recreation venues. This area is well known for offering a wide variety of both summer and winter recreation including hiking, bicycling, cross-country hiking and much more. There is strong tourism for sites including 137 acres Lac Lawn conservatory with 5 miles of trails, Riverside and Quaas Creek parks offering many recreation opportunities and Riveredge Nature center in nearby Newbury with over 350 acres of natural sanctuary offering forests, ponds, and marshes along the Milwaukee River. The retail market enjoys a number of national retailers including Home Depot and Marshalls, shadow anchoring Paradise Walk. Other national retail presence includes Walmart, Menards, Shopko, Kohl's, Walgreens, Hobby Lobby, Pick 'N Save, Meijer and many others in this regional retail market.

Highlights
  • 25,135 SF Petco Anchored, 100% leased Retail Shopping Center for Sale
  • True Triple Net Leases
  • Shadow Anchored with Marshalls and Home Depot
  • Excellent location in the Heart of the Retail Corridor for West Bend
  • Area Retailers include: Walmart, Marshalls, Walgreens, Meijer, Starbucks, Home Depot, Menards, Hobby Lobby, Shopko, Buffalo Wild Wings, Wendy's, Pick 'N Save, Qdoba, and many more
  • Strong Population with approximately 101,000 within a Ten Mile Radius
  • Excellent Average Income of over $73,000
  • 30,000 VPD on Paradise Drive, 13,000 VPD on Main Street and 34,000 VPD on U.S. Highway 45
  • Easy Access off of U.S. Highway 45 with a Full Interchange
  • Property has Pylon Signage on both Paradise Drive and Main Street
  • Parking Lot Newly Seal Coated and Striped in 2019
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