5600 Spring St - Supermarket FOR SALE


Racine, WI 53406
$3,840,000 USD
630-570-2238
5600 Spring St, Racine, WI for Sale
$3,840,000 USD
Supermarket - FOR SALE
1/17
null | 7.8% Cap Rate

5600 Spring St
Racine, WI 53406


HIGHLIGHTS

  • Single-Tenant Piggly Wiggly | Triple-Net Lease with Below Market Rents
  • 26-Year History at this Location, Demonstrating Long-Term Performance
  • Five-Acre Site with 230 Parking Spaces
  • Located at the Signalized Intersection of Spring Street and S. Newman Road, Which Sees a Combined Traffic Volume of 26,600 Vehicles per Day
  • Strong Community Drivers Including National Retailers, a Large Hospital, and Multiple Schools
  • Average Household Income of $106,253 Within a Mile Radius

OVERVIEW

This single-tenant Piggly Wiggly investment offers long-term stability backed by a 26-year operating history and a triple-net lease with four years remaining and four additional five-year renewal options. The property sits on over five acres with 230 parking spaces and is priced below replacement cost at $95.14 per square foot. Located at a signalized intersection with strong daily traffic, the site benefits from excellent visibility and convenient access through multiple ingress and egress points. The surrounding area features powerful demand drivers, including Village Center, Ascension All Saints Hospital, and a strong mix of national retailers such as Kohl’s, Festival Foods, Starbucks, and Walmart Neighborhood Market. With dense, affluent demographics and more than 69,000 residents within three miles, the property is well positioned for continued long-term performance.

FOR SALE DETAILS

PRICE

$3,840,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Piggly Wiggly | NNN | Mt Pleasant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

230

LAND DETAILS

LAND ACRES

5.23 AC

LAND SF

227,819 SF

ZONING

-

APN/PARCEL ID

151-032212057000

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.