2910 Roosevelt Rd Marinette, WI 54143
- Lifestyle centers
- 13,925 SF
- 1.40 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2910 Roosevelt Rd
- Year built
- 2012
- Lot size
- 1.40 lot acres
- Property size
- 13,925 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A, 13,925-square-foot shopping center in Marinette, WI, presents a compelling investment opportunity. Boasting 100% occupancy and a diverse tenant mix including AT&T, GameStop, Cost Cutters, Shopko Optical, Cosmo Prof, Vapor Land, and Vivid Nails, this seven-unit center generates a strong NOI of $296,969, representing a 7.33% cap rate on the $4,050,000 asking price. Strategically located as a Walmart outlot, the property benefits from over 2.6 million annual Walmart customer visits, driving significant foot traffic. The 1.4-acre site features 93 parking spaces and excellent visibility from Roosevelt Road, with pylon signage and convenient access. The property's prime location, just 0.6 miles south of US Hwy 41 and two miles west of Lake Michigan, serves a vibrant community with strong demographics: 35,500 residents, 16,177 households, and an average household income of $78,525 within a fifteen-mile radius. Built in 2012, this single-story building offers a 75-foot bay depth and is zoned for commercial use. The property's strong tenant lineup, high occupancy, and prime location make it an attractive investment opportunity with significant potential for future growth. The property's APN is 251-00622.009.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marinette
- County
- Marinette
- State
- Wisconsin
- Longitude
- -87.6589
- Latitude
- 45.0734
