New 10-Yr Ollie's & Huntington Bank Anchored | 2209-2215 80th St
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New 10-Yr Ollie's & Huntington Bank Anchored 2209-2215 80th St
51,072 SF Retail Building Kenosha, WI 53143 $6,441,863 CAD ($126 CAD/SF) 8% Cap Rate
Investment Highlights
- Ollie’s Bargain Outlet and Huntington Bank Anchored Center | Shadow-Anchored by CVS
- Most Tenants Operate on Net Leases | Additional Notable Tenants in the Center Include Family Dollar and Cost Cutters
- Strong Surrounding Drivers Including Many Schools, Major Corporations, Hospitals, Major Retailers, and Area Attractions
- New 10-Year Ollie’s Lease Commenced May 2024 | 20-Year Roof Warranty for Ollie’s Began Fall of 2021
- High Visibility on a Signalized Hard-Corner Intersection | Attractive Real Estate
- Densely Populated Area | 117,472 People Live Within Five Miles
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
51,072 SF
Building Class
C
Year Built
1977
Price
$6,441,863 CAD
Price Per SF
$126 CAD
Cap Rate
8%
NOI
$515,426 CAD
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.27
Land Acres
4.31 AC
Zoning
B-2 - B-2 Community Business District. Allows for a number of commercial uses.
Parking
154 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 04-122-12-401-004 | Improvements Assessment | $6,254,816 CAD |
| Land Assessment | $1,194,535 CAD | Total Assessment | $7,449,351 CAD |
PROPERTY TAXES
Parcel Number
04-122-12-401-004
Land Assessment
$1,194,535 CAD
Improvements Assessment
$6,254,816 CAD
Total Assessment
$7,449,351 CAD
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Sean Sharko -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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New 10-Yr Ollie's & Huntington Bank Anchored | 2209-2215 80th St
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