2230 Main St - Storefront Retail/Office FOR SALE


Green Bay, WI 54302
$2,860,000 USD
206-826-5638
2230 Main St, Green Bay, WI for Sale
$2,860,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.15% Cap Rate

2230 Main St
Green Bay, WI 54302


HIGHLIGHTS

  • 100% Occupied Three Tenant Retail Center – Newer 2018 Construction, 1 Acre Parcel at Four-Way Signalized Intersection Providing Excellent Exposure to
  • Starbucks w/ Drive Thru and Relocated From Across the Street in 2018
  • Placer.ai Reports The Location Exceeded 251,000 Customer Visits Over the Last Year (68th Percentile in Wisconsin)
  • Diversified National Tenant Mix – Starbucks, US Cellular and ATI Physical Therapy – Starbucks and ATI Leases Offer Corporate Guarantees
  • Replaceable Low Rents – Starbucks Pays Just $37/SF - Total Rents for Center Average $29/SF
  • All Tenants Operate on Passive NNN Leases – Ease of Management for Absentee Owner

OVERVIEW

Marcus & Millichap is proud to offer for sale fee simple ownership of the Starbucks Anchored Retail Center along Main Street in Green Bay, WI. The center is 100% occupied with national tenants Starbucks, US Cellular and ATI Physical Therapy, all of whom operate on NNN leases providing a passive investment opportunity for an out of state investor. Built in 2018, the 6,025 SF building is situated on 1 acre and positioned at a four-way signalized intersection across from the revamped East Town Mall. The property benefits from excellent exposure to traffic with 17,800 vehicles passing per day. Starbucks, equipped with a drive-thru, relocated to this location from across the street and per Placer.ai, exceeds 251,000 customer visits over the last 12 months (68th percentile in the state). Green Bay, Wisconsin is the state’s oldest settlement and the 3rd largest city in Wisconsin with a population exceeding 104,000. Situated at the mouth of the Fox River, Green Bay is a sub-basin of Lake Michigan, and is the economic hub of northeastern Wisconsin. Green Bay is home to the Green Bay Packers in the largest venue in the State of Wisconsin, Lambeau Field, which has a maximum capacity of over 81,000 (3rd largest NFL stadium and the oldest continually operating NFL Stadium).

FOR SALE DETAILS

PRICE

$2,860,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Drive-Thru 3-Tenant Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

G2

APN/PARCEL ID

21-457-6

ASK ABOUT THIS PROPERTY

Carson BreshearsMarcus & MillichapMore Info
206-826-5638

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Carson BreshearsMarcus & MillichapMore Info
206-826-5638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.