2921 New Pinery Rd - Fast Food FOR SALE


Portage, WI 53901
$1,700,000 USD
608-960-9690
2921 New Pinery Rd, Portage, WI for Sale
$1,700,000 USD
Fast Food - FOR SALE
1/11
null | 8% Cap Rate

2921 New Pinery Rd
Portage, WI 53901


HIGHLIGHTS

  • Pylon Sign
  • Drive Thru

OVERVIEW

2921 New Pinery Road presents a compelling opportunity to acquire a newer construction, multi-tenant retail asset in Portage’s dominant retail corridor. The 7,200 SF property offers a strong combination of stable in-place income and value-add potential, with two suites leased to national tenants - Arby’s and Shopko Optical—and one remaining suite available for lease or owner occupancy. Positioned along highly visible New Pinery Road (Highway 51), the property benefits from excellent exposure, convenient access, and consistent consumer traffic driven by surrounding national retailers including Walmart, ALDI, Festival Foods, Kwik Trip, and additional QSR development underway adjacent to the site. The existing tenancy provides reliable income, while the vacant grey-box suite offers a clear opportunity to increase cash flow through lease-up or owner-user placement. Modern construction, strong curb appeal, and ample on-site parking further enhance the asset’s long-term desirability. Offered at $1,700,000 (8% cap rate on current income), this opportunity is well-suited for investors seeking stable returns with upside potential, as well as owner-users looking to establish a presence in a high-performing retail corridor. Well-located, newer retail assets with national co-tenancy and lease-up potential are increasingly limited in the market, making this a strong consideration for buyers seeking both security and growth.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

B3 – Interchange Business

APN/PARCEL ID

11271-3138.04

ASK ABOUT THIS PROPERTY

Sheila SpitzaLynn HoldingsMore Info
608-960-9690

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Sheila SpitzaLynn HoldingsMore Info
608-960-9690

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