Park Plaza
Market Price
1140 S 30th st, Manitowoc, WI 54220
802,004
NOI
110,266 sqft
Building Size
Details:
Highlights:
- 110,266 SF, 100% Leased Community Shopping Center
- 2026 Pro Forma NOI: $802,004 with contractual growth and below-market anchor rents
- New 8-Year Ollie’s Bargain Outlet Lease
- No Near-Term Rollover and a Weighted Average Lease Term of 6.1 Years
- 74.5% of income from national or credit-rated tenants, reinforcing durable cash flow
- Institutional-Caliber Anchors: Hobby Lobby, Ollie’s and Family Dollar are among the most resilient retailers in their categories
Description:
Park Plaza presents an opportunity to acquire a 100% leased, 110,266-square-foot retail center anchored by national leaders Hobby Lobby and Ollie’s Bargain Outlet. The property’s 2026 NOI is projected at $802,004, supported by a seasoned tenant mix and no rollover risk in the near term. With a weighted average lease term of 6.1 years and an average tenant tenure of nearly 17 years, Park Plaza reflects exceptional income stability and tenant commitment. Ownership has completed key capital upgrades in 2024 and 2025, including resurfaced parking, LED lighting, and a redesigned pylon sign, further strengthening tenant retention and leasing leverage. Positioned along Manitowoc’s highest-traffic corridor with a strong mix of daily-needs co-tenancy, Park Plaza is a durable, low-management retail investment with built-in growth potential.
Documents:
| Title | ||
|---|---|---|
| Park_Plaza_-_Manitowoc__WI_-_OM_2025.pdf |
Location
Gallery
