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Off Market
1/3

315 W Pine St
Baraboo, WI 53913


HIGHLIGHTS

  • STABLE TENANCY. Slumberland has been in the center since 2003. In 2015, they renewed for an additional 10 years and have one 5-year option to renew
  • VALUE ADD. Opportunity to dramatically increase returns through lease-up of the recently vacated 48,538 sq ft. Gander Outdoors. The space recently we
  • PARKING LOT. The parking lot recently was seal coated and striped.
  • TRADE AREA. The trade area includes the surrounding communities along with the resort area of Wisconsin Dells, which is “America’s Waterpark Capital”
  • AREA RETAILERS. Other nearby retailers include Menards, Wal-Mart, McDonald’s, local grocers and many more

OVERVIEW

CBRE and RealINSIGHT Marketplace is pleased to offer for sale a highly visible property in the city of West Baraboo, Wisconsin, approximately 39 miles northeast of Madison Wisconsin and 10 miles west of the famous resort area of Wisconsin Dells. The Property is 31% occupied by Slumberland Furniture. This is a top performing store, drawing customers from a large trade area. Currently ranked #2 within the chain it is consistently one of the top-5 grossing stores year after year. Slumberland has operated at the Property since 2003 and is in the middle of its 10-year renewal. They have one 5-year option at the end of 2025 at an increased rate of $4.00/sf. There is tremendous upside potential through leasing the recently vacated 48,538 sq ft Gander Outdoors space. Additional value-add opportunity can come from either developing the parcel or selling the outlot. The Property is well positioned along the main business corridor in Baraboo Wisconsin and serves a trade area that reaches out more than 10 miles and includes several nearby communities.

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

Value Add & Top Performing Slumberland

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

71159

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

320

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

191-0092-11200