New 10-Yr Ollie's & Huntington Bank Anchored
51,072 SF | Retail Building | Kenosha, WI 53143 | $4,586,000 ($90/SF) | 8% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,586,000
- Property Type
-
Retail
- Square Feet
- 51,072 SF
- Price / Square Foot
- $90
Listing Contacts
Sean Sharko
Verified Profile
Austin Weisenbeck
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to exclusively present an Ollie's and Huntington Bank anchored center in Kenosha, Wisconsin. Ollie's recently began a new 10-year lease and attractively has 17 years remaining on a new 20-year roof warranty. Additional notable tenants in the center include Family Dollar and Cost Cutters. Most tenants operate on net leases. This Huntington Bank is among top locations in Wisconsin, with nearly $58.5 million in annual deposits for the year ended 6/30/2023.
Subject property is conveniently situated on a hard-corner location, with nearly 900 feet of combined frontage, and 14,300 vehicles per day. The large parking lot offers 8 points of ingress/egress. Strong surrounding drivers include many schools, major corporations, hospitals, retailers, and other area attractions. it is situated in a densely populated area, with over 117,000 people living within five miles.
Subject property is conveniently situated on a hard-corner location, with nearly 900 feet of combined frontage, and 14,300 vehicles per day. The large parking lot offers 8 points of ingress/egress. Strong surrounding drivers include many schools, major corporations, hospitals, retailers, and other area attractions. it is situated in a densely populated area, with over 117,000 people living within five miles.
Property Details
- Class
- C
- Year Built
- 1977
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 187,744 SF
Highlights
- Ollie’s Bargain Outlet and Huntington Bank Anchored Center | Shadow-Anchored by CVS
- New 10-Year Ollie’s Lease Commenced May 2024 | 20-Year Roof Warranty for Ollie’s Began Fall of 2021
- Most Tenants Operate on Net Leases | Additional Notable Tenants in the Center Include Family Dollar and Cost Cutters
- High Visibility on a Signalized Hard-Corner Intersection | Attractive Real Estate
- Strong Surrounding Drivers Including Many Schools, Major Corporations, Hospitals, Major Retailers, and Area Attractions
- Densely Populated Area | 117,472 People Live Within Five Miles
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].