1501 Creston Park Dr | Janesville, WI 53545
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1501 Creston Park Dr
Janesville, WI 53545
Retail Property For Sale
Investment Highlights
- Extensive interior renovations completed in the beginning of 2023. Some of which include upgrades to refrigeration, meat dptmnt, and produce dptmnt
- Economic Growth: Janesville Has Seen An 8.46% Increase In Median Household Income From 2021 To 2022
- High Population Density: With 1,886 People Per Square Mile, The Area Provides A Substantial Customer Base For Retail And Commercial Businesses
- Prime Retail Corridor: Located In A High-Visibility Retail Area With Significant Foot Traffic And Easy Access To Interstate 90
- Low Unemployment Rate: The Area’s Low Unemployment Rate Of Around 3% Reflects A Stable Job Market
Executive Summary
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
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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
65,138 SF
Building Class
B
Year Built/Renovated
1958/1996
Price
$11,179,375 CAD
Price Per SF
$172 CAD
Cap Rate
8.50%
NOI
$950,247 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
2.96 AC
Zoning
B2
1 of 19
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
