SQUARE FEET28,000
MLS#2036037
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
ALTUS Commercial Real Estate, Inc.
Agency Phone: 608-338-1101
Property Description
This is a great opportunity to acquire a 28,000sf 3 unit grocery-anchored NNN leased retail shopping center on 3.7 acres occupied by Perry's Piggly Wiggly, an established operator with stores in the Cambridge, Edgerton, Cottage Grove, and Waterloo markets. This property at 810 N. Monroe St. is highly visible along Waterloo's main street directly across from Waterloo High School. The Piggly Wiggly suite is 20,000sf with a loading dock. The 5,400sf vacant suite has tile floor with an exterior loading area and the 2,595sf vacant suite is finished office/retail space and they could be easily combined. The tenant in the 2,595sf suite is paying rent through July 2027 but isn't occupying the space. This property is priced at a 7.48% cap rate based on income from Piggly Wiggly and the 2,595sf suite, leaving value to be added from leasing the vacant 5,400sf suite. Piggly Wiggly just signed a 5 year NNN lease through September 30, 2031 with 20 years of renewal options...
Property Features
Property Type: Commercial - Business
Fuel Type: Natural gas
Home Style: Retail, Shopping center/StripMall
Taxes: $27,552
Amenities
Brick
Steel
Brick/Stone
Concrete block
Feature Descriptions
Annual Unit Rent (Per Sqft): $9.00(Unit 1), $8.00(Unit 2)
Ceiling Height (Feet): 10(MIN), 16(MAX)
Days on Site: 1
Exterior: Brick, Steel, Brick/Stone, Concrete block
Gross SQFT: 20000(Unit 1), 2595(Unit 2), 5400(Unit 3)
Heating/Cooling: Forced air, Central air
Location: Shopping center, High Traffic Location, High Visibility
Present Use: Retail, Shopping center/StripMall
Total Units (Building): 3
Water/Waste: Municipal water, Municipal sewer
Listed By / Shown By
Listed By
Agency Name: ALTUS Commercial Real Estate, Inc.
Agency Phone: 608-338-1101
Shown By
Agency Title: Dickerson & Nieman Realtors
Agency Phone: 815-227-5900
810 N Monroe Street | MLS# 2036037
This commercial property located at 810 N Monroe Street, Waterloo, WI 53594 is currently listed for sale with an asking price of $2,685,000. Search Waterloo real estate on www.dickersonnieman.com today.