Walmart Supercenter Grocery
For Sale
Contact for pricing
2151 Royal Ave, Monona, WI 53713
Single-tenant property offers covered underground parking in addition to surface spaces.
Property SizeContact for details
Days on Market141
Property Features for 2151 Royal Ave
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
116,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
CBRE - Oak Brook
Listed By:
Michael Kaider · License #IL 475154630
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 6:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook
Investment Insights
Based on property information with market context.
This fee simple grocery and convenience property is occupied by a single Walmart Supercenter under an absolute NNN ground lease. The lease has 4 years remaining and includes fourteen 5-year extension options, with 2.5% rental increases during each option period. A Wal-Mart Stores, Inc. guaranty supports the lease structure.
The property is located at 2151 Royal Ave in Monona, Wisconsin, approximately 7 miles southeast of Madison. It has visibility from Highway 18, which carries 116,000 vehicles per day. Parking includes both underground covered spaces and surface spaces, a combination identified as unique among Walmart locations in the surrounding trade area.
The property sits within the Madison MSA, near the University of Wisconsin-Madison and downtown Madison. Its primary trade area includes more than 347,500 residents.
The property is located at 2151 Royal Ave in Monona, Wisconsin, approximately 7 miles southeast of Madison. It has visibility from Highway 18, which carries 116,000 vehicles per day. Parking includes both underground covered spaces and surface spaces, a combination identified as unique among Walmart locations in the surrounding trade area.
The property sits within the Madison MSA, near the University of Wisconsin-Madison and downtown Madison. Its primary trade area includes more than 347,500 residents.
Key Highlights
- Single‑tenant Walmart Supercenter on an absolute NNN ground lease
- 4 years of lease term remaining with fourteen 5‑year extension options
- 2.5% rental increases apply during each extension option period
Property Analytics
Property Profile
Current Use
Lease Details
116,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53713, WI
23,291
Population
11,635
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
86%
High-School Grad
9.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$57,833
Median Household Income
$36,998
Median Earnings
$1,173
Median Rent
$259,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Walmart — 2100 royal ave, monona, wi 53713
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant property offers covered underground parking in addition to surface spaces.
Where is this grocery and convenience store located?
The property is located at 2151 Royal Ave Monona, WI.
What are key features of this property?
This property features: Single‑tenant Walmart Supercenter on an absolute NNN ground lease; 4 years of lease term remaining with fourteen 5‑year extension options; 2.5% rental increases apply during each extension option period
