57% Percent Occupied, 33,381 SF Neighborhood Strip Center in Wausau, Wisconsin
Proforma Cap Rate of 12.9% via Lease-up of 43% Vacancy
Priced Well Below Replacement Cost at $60/SF
Anchored by Family Dollar and Firestone who contribute 87% of the Current in Place Rent
Cheap Rents = Average of $8.69/SF, Large 2.18 Acre Site
Firestone has been a Long – Term Tenant since 1972 with Multiple Renewal’s Exercised, Occupies 22 Percent of Gross Leasable Area, Current Lease Through 2027
Family Dollar has been a Long – Term Tenant since 2003 with Multiple Renewal’s Exercised, Occupies 25 Percent of Gross Leasable Area, Current Lease Through 2028
Upside Via Lease up of 14,490 Square Feet; Potentially Adding $138K of NOI
Immediate Trade Area Includes Kwik Trip C-Store, Midas, Lee’s Famous Recipe Chicken, Brickner’s of Wausau, Dairy Queen, Sherwin – Williams, Fred Mueller Automotive, Advanced Auto Parts, Dollar General, Arby’s
Middle to Upper Income Area with Average Household Income of $65,702 within 3 – Mile and $76,085 within 5 – Mile
Positioned on the Hard Corner of US Route 51 and E Kent St Seeing 23,734 VPD with Great Frontage and Visibility
Dense Demographics: 39,970 within 3 – Mile, 69,748 within 5 – Mile and 88,717 within 10 – Mile
Located in Wausau, WI; County Seat of Marathon County and 98 Miles from Green Bay, 143 Miles from Madison, WI, 188 Miles from Milwaukee, WI and 185 Miles from Minneapolis, MN
Major Employers Include Aspirus Wausau Hospital, Apogee Wausau Group, Eastbay, Fiskars, Kolbe & Kolbe Millwork, Marathon Electric, Marshfield Clinic, Marathon County Gov, North Central Health Care, WPS Health Insurance, Wausau Mosinee Paper Corp and Wausau School District