130-300 McGregor Plz - Storefront FOR SALE


Platteville, WI 53818
$6,887,000 USD
630-570-2238
130-300 McGregor Plz, Platteville, WI for Sale
$6,887,000 USD
Storefront - FOR SALE
1/10
null | 7.5% Cap Rate

130-300 McGregor Plz
Platteville, WI 53818


HIGHLIGHTS

  • Anchored by Piggly Wiggly, which has been Operating at this Center for 25-Plus Years and has Nearly Five Years of Term Remaining
  • Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast
  • Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation’s Largest Grocery Distributors
  • Weighted Tenant Tenure of 18.95 Years Across Net Leased Tenants, Demonstrating Exceptional Stability
  • Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai)
  • 95 Percent Occupied | Fully Leased Main Floor with Value Add Potential in the Second Floor Office Spaces

OVERVIEW

Anchored by Piggly Wiggly, a tenant of over 25 years with nearly five years of term remaining, the center benefits from exceptional stability and limited competition, with the nearest grocer nearly 10 miles south and a notable void to the north and northeast. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors. The property maintains a highly stable tenant base with a weighted tenure of 18.95 years, including long-term occupants such as Midwest Bank and Papa Murphy’s (over 20 years), Asian Café (21.5 years), Snap Fitness (nearly 18 years), Pioneer Nutrition, and Tundra Tobacco. The center offers a versatile layout with strong fundamentals, ranked #2 for most visited shopping strips within 50 miles (Placer.ai), supported by a fully leased main floor, value-add potential in second-floor office space, five loading docks, 345 parking spaces, and a drive-thru bank pad. Located within walking distance of the University of Wisconsin–Platteville, less than half a mile away with 6,395 students. The property is also surrounded by large apartment communities and two hotels. The area continues to grow, with 8,848 residents and a daytime population of 12,133 within one mile.

FOR SALE DETAILS

PRICE

$6,887,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Piggly Wiggly Anchored Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

345

LAND DETAILS

LAND ACRES

8.67 AC

LAND SF

377,665 SF

ZONING

B2

APN/PARCEL ID

271-00615-0000,271-01633-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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