1501 Creston Park Dr - Supermarket FOR SALE
Janesville, WI 53545 |
1501 Creston Park Dr
Janesville, WI 53545
HIGHLIGHTS
- Long Term Opportunity: Schnucks has been at this location since 2002 and has over 5 years of term remaining with five, 5-year renewal options.
- Ascending Grocery Sales Trend: YoY grocery sales were up 11.7% in 2020 at a total of $773B and annualized 2021 sales are estimated to be $793B.
- Secure Tenancy: Schnucks is a third & forth generation family owned grocery chain with fiscal year ending September 2021 revenues of $3.1 billion.
- Access & Visibility: Schnucks is located right off Milton Avenue (Route 26) with traffic counts of over 25,000 vehicles per day.
- Strong Trade Area Demographics: The total population for Schnucks primary trade area consists of over 78,623 living within 32,630 households.
- Heart of Janesville Retail Corridor: Along with Schnucks, there are several strong national and regional retailers in the Janesville retail corridor.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Schnucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
65138
STORIES
1
YEAR BUILT
1958
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
021-9400301
