1100 Connery - Day Care Center FOR SALE


Waunakee, WI 53597
$3,950,000 USD
650-888-7696
1100 Connery, Waunakee, WI for Sale
$3,950,000 USD
Day Care Center - FOR SALE
1/13
null | 6.95% Cap Rate

1100 Connery
Waunakee, WI 53597


HIGHLIGHTS

  • Well-Situated Retail Investment Opportunity - Investors have the opportunity to acquire a prime retail asset in one of the most desirable locations.
  • Favorable Lease Terms - This is currently leased to KinderCare, a favorable NNN lease term providing owners with minimal operating responsibilities.
  • Prime Daycare Location - Surrounded by newly constructed residential homes and apartments, making it a primary choice for families seeking childcare.
  • Convenient Access to Transportation Corridors - The subject property offers renters and customers easy access to transportation corridors.

OVERVIEW

1100 Connery Cove presents an opportunity to acquire a net-leased retail investment property in Waunakee, Wisconsin, one of the Madison area's most desirable and steadily growing communities. Situated on approximately 1.58 acres, the property was originally constructed in 2007 and contains approximately 10,782 square feet. The asset offers investors a sizable retail facility positioned within a strong regional market supported by population growth, residential development, and sustained consumer demand. The property is occupied by an established retail tenant operating under an absolute net lease structure, providing ownership with limited operating responsibilities. The lease has approximately six years remaining in the current term and includes two additional five-year renewal options, offering investors a combination of income stability and long-term occupancy potential. This structure supports a passive investment profile while providing predictable cash flow through the remaining lease term. Waunakee benefits from a strong local economy, high quality of life, and close proximity to Madison, Wisconsin's capital city and one of the Midwest's leading employment centers. The community is recognized for its highly regarded school system, expanding residential base, and business-friendly environment, all of which contribute to sustained demand for retail and service-oriented businesses. These market fundamentals help support the long-term performance of retail real estate within the area. Located within Dane County, the property enjoys access to major transportation corridors, employment centers, shopping destinations, restaurants, and entertainment venues. The combination of a stable net lease structure, established tenant occupancy, growing market demographics, and strong regional economic drivers positions 1100 Connery Cove as an attractive investment opportunity for buyers seeking long-term income and minimal management responsibilities.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$366 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KinderCare Learning Center - Waunakee, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,333 SF

ZONING

-

APN/PARCEL ID

0809-172-4003-1

ASK ABOUT THIS PROPERTY

Cole SimpsonMarcus & MillichapMore Info
650-888-7696

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Cole SimpsonMarcus & MillichapMore Info
650-888-7696

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