6926 University Ave, Middleton, WI 53562

Parkwood Plaza, a 42,741 square foot, single-story shopping center in Middleton, Wisconsin, presents a compelling investment opportunity. Built in 1965 and renovated in 1993 and 2011, this 2.72-acre property boasts 100% occupancy with a diverse tenant mix including Domino's Pizza, Jimmy John's, The UPS Store, and Willy Street Co-Op, a popular local grocery chain. Willy Street Co-Op, occupying approximately 55% of the gross leasable area (GLA), recently extended its lease through 2037, demonstrating strong tenant commitment. Other tenants also show strong performance and lease longevity, with a weighted average tenant tenure exceeding 13.3 years and a weighted average lease term of 8.4 years. Located at the intersection of University Avenue and Park Street (31,100 vehicles per day), this center benefits from high visibility and accessibility within a densely populated area. The surrounding Middleton community, part of the Madison MSA, exhibits strong demographics, with average household incomes exceeding $142,400 and median home values over $495,000 within a 3-mile radius. The property's strategic location near the University of Wisconsin-Madison further enhances its appeal. Recent lease renewals and expansions underscore the center's desirability and the strength of its tenant base. This grocery-anchored retail center offers a stable income stream and significant potential for long-term growth in a thriving market.