Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1980
Building Area Net
Occupancy 100.0 %

Asset Description

Address: 5710 75th St, Kenosha, WI


Property Size: 201,220 SF


Anchors: Pick'n Save, Burlington, ROSS, Marshalls, Arbys, Athletico & Jersey Mikes


Occupancy: 100%


Year Built: 1980


Weighted Average Lease Term: 5.7 Years


​​​​​​​Weighted Average Tenure: 14 Years

Investment Highlights

​​​​​​​HIGH PERFORMING GROCER ANCHOR WITH RECENT EXTENSION

  • Pick N Save (Kroger) recently extended lease through 2031
  • 38% of In-Place Income
  • Sales Increase of 30% since 2019
  • 18 Year Operating History



OUTLOT BIFURCATION OPPORTUNITY:

  • 6 separate tax parcels allow for Flexible Exit Strategies
  • Pick N Save and Arby’s (Ground Lease) are separately parceled



DURABLE INCOME FROM NATIONAL CREDIT TENANCY

  • 77% of Income National Tenancy
  • 54% Investment Grade Tenancy
  • Anchors: Pick N Save, Burlington, Ross, Marshalls & Arby’s
  • Comprise 70% of In-Place Income
  • 14 Years of Weighted Average Tenure at Plaza 50
  • 5.7 WALT
  • Ideal 67% / 33% Anchor-to-Shop Space Distribution



OFFERED FREE & CLEAR TO THE MARKET FOR FIRST TIME

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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