1501 Creston Park Dr - Supermarket FOR SALE
Janesville, WI 53545 |
$7,854,877 USD
805-889-7837
1501 Creston Park Dr
Janesville, WI 53545
HIGHLIGHTS
- Extensive interior renovations completed in the beginning of 2023. Some of which include upgrades to refrigeration, meat dptmnt, and produce dptmnt
- Prime Retail Corridor: Located In A High-Visibility Retail Area With Significant Foot Traffic And Easy Access To Interstate 90
- Economic Growth: Janesville Has Seen An 8.46% Increase In Median Household Income From 2021 To 2022
- Low Unemployment Rate: The Area’s Low Unemployment Rate Of Around 3% Reflects A Stable Job Market
- High Population Density: With 1,886 People Per Square Mile, The Area Provides A Substantial Customer Base For Retail And Commercial Businesses
OVERVIEW
Helios Investment Services is pleased to present exclusively for sale the 65,138 SF single tenant, free standing building leased to Schnucks at 1501 Creston Park Dr Janesville, WI 53545.
This deal includes a 5 year primary term (approximately 3 years remaining) Double Net (NN) lease with minimal landlord responsibilities, a corporate guarantee, and 5 (5) year options. Original 20 year lease expired in 2022. Tenant exercised their first of 6, 5 year options which extended lease through May 2027
FOR SALE DETAILS
PRICE
$7,854,877 USD
PRICE/SF
$121 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1958
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.96 AC
LAND SF
128,938 SF
ZONING
B2
APN/PARCEL ID
021-9400301
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
805-889-7837
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
805-889-7837
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
