Building Details

Year Renovated 2018

Tenancy Single

Listing Agency: SRS Real Estate Partners Chicago s***@srsre.com Show Phone

Listed By: Sean Lutz · License #IL 475132482

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 12:57AM

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Investment Insights

Based on property information with market context.

The property is occupied by Pick 'n Save and includes a recently remodeled grocery store with new building signage installed in February 2018. The lease has just under 7 years remaining and provides 2 five-year option periods. Rent adjustments are tied to CPI at five-year intervals during the initial term and options. Roundy’s Supermarkets, Pick 'n Save’s parent company, provides the corporate guarantee and was acquired by Kroger.

Located at 405 N. Wales Road in Wales, Wisconsin, the store occupies the southwest corner of W. Summit Ave/U.S. 18 and N. Wales Road. The two roads carry a combined 33,500 VPD, with multiple ingress and egress points serving the site. The property is across from a newly developed Walgreens and Kettle Moraine High School, with access to I-94 through Wales Road and a surrounding five-mile population of approximately 29,500.

Key Highlights

• Pick 'n Save grocery store at 405 N. Wales Road, Wales, WI 53183
• Just under 7 years remain on the lease, with 2 (5‑year) option periods
• Corporate lease guarantee from Roundy’s Supermarkets, acquired by Kroger

Property Analytics

Property Profile

Current Use

Pick 'n Save Grocery & Convenience Store Pick 'n Save ... Pharmacy Redbox Cinema Primo Water Refill Big Box & Wholesale Store Pick 'N Save ... Check Cashing

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

33,500 VPD

Traffic count

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

249

Businesses Nearby

60k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Groceries 45% Dining 2%

Kwik Trip Shops & Services

30,012 visits/mo 0.1 miles

Pick 'n Save Groceries

26,723 visits/mo 0.1 miles

Oil Changers & Car Wash Shops & Services

2,064 visits/mo 0.3 miles

SUBWAY Dining

951 visits/mo 0.2 miles

Demographics for 53183, WI

3,110

Population

1,117

Households

2.8

Avg Household Size

43

Median Age

49%

College-Educated

99%

High-School Grad

3.5 sq mi

ZIP Area

889

Density / Sq Mi

$109,327

Median Household Income

$62,286

Median Earnings

$1,473

Median Rent

$383,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Remodeled grocery store positioned on a prominent corner with access from two bordering streets.

Where is this nnn property located?

The property is located at 405 N Wales Road Wales, WI.

What are key features of this property?

This property features: Pick 'n Save grocery store at 405 N. Wales Road, Wales, WI 53183; Just under 7 years remain on the lease, with 2 (5‑year) option periods; Corporate lease guarantee from Roundy’s Supermarkets, acquired by Kroger