2201-2221 Grand Ave - Freestanding FOR SALE
Wausau, WI 54403 |
2201-2221 Grand Ave
Wausau, WI 54403
HIGHLIGHTS
- 57% Occupied, 33,381 SF Neighborhood Strip Center in Wausau, Wisconsin, Priced Well Below Replacement Cost at $60/SF
- Strong Mix of Recession and COVID – Proof National and Local Tenants Including Firestone, Family Dollar, Sears Hometown and Mary Mother of Good Help
- Cheap Rents = Average of $8.69/SF, Large 2.8 Acre Site
- Firestone has been a Long - Term Tenant since 1972 w/ Multiple Renewal’s Exercised, Occupies 21.86% of Gross Leasable Area, Current Lease Through 2027
- Family Dollar is a Long - Term Tenant since 2003 w/ Multiple Renewal’s Exercised, Occupies 22.69% of Gross Leasable Area, Current Lease Through 2028
- Additional Upside Via Lease up of 14,490 Square Feet; Potentially Adding an Extra $138,000 of Annual Rent
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Grand Avenue Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Storefront, Truck Stop
TOTAL BUILDING SIZE
33381
STORIES
1
YEAR BUILT
1957
SPRINKLERS
-
PARKING SPACES
107
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
291-2807-014-0967
