700 Pilgrim Way Green Bay, WI 54304

This exceptional mixed-use property, located at 700 Pilgrim Way, Green Bay, WI 54304, presents a compelling investment opportunity. Boasting 218,323 square feet on a sprawling 33.43-acre lot, this one-building, two-story complex offers a diverse range of uses including executive and medical offices, and restaurant space. Currently, the property features two credit-rated tenants with long-term leases (7.3-year initial term, with three 5-year options), providing immediate income. The property underwent significant renovations between 2022 and 2024, totaling $3.8 million, including interior and exterior improvements and a new 10-year roof warranty. The property's B-3 Business zoning allows for flexibility and expansion. Twelve outlots are available, with one already under contract for $1.25 million. The property benefits from its proximity to Lambeau Field, Titletown, Resch Center, and Bay Park Square Mall, making it ideally positioned to capitalize on the significant foot traffic and events in the area, including the 2025 NFL Draft. Projected NOI for 2024 is $4,399,768, and $4,350,841 for 2025 (including tenant income and outlot sales). The property has a $39.2 million insured value (2023) with Cincinnati Insurance Company, covering the building, infrastructure, and land. Seller financing is available at 3.75% interest. This is a value-add investment with significant upside potential. The property's current occupancy is 35.95%. Leases commenced August 28, 2022, and expire December 27, 2029, with a remaining term of 5.1 years. Annual rent bumps are 2%.