Property Details for 4321-4323 8Th St

Year built

2007

Lot size

1.60 lot acres

Property size

21,890 SF

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 21,890 square foot retail center in Wisconsin Rapids, WI, shadow-anchored by a high-performing Walmart Supercenter. The property comprises two single-story buildings constructed in 2007 and situated on a 1.6-acre lot. Currently boasting 91.3% occupancy, the center features six units, including four triple-net leases and one modified gross lease, with one unit currently vacant (8.7% of GLA). Key tenants include Maurices and Mattress Firm, with Mattress Firm recently extending their lease through February 2034. The center's strong historical occupancy and prime location, coupled with the adjacent Walmart's high ranking (19th out of 85 in Wisconsin, per Placer.ai), make this a compelling investment prospect. The asking price is $2,800,000, representing a $127.91 price per square foot and a 7.32% cap rate. The property is well-maintained and offers significant potential for future growth and return on investment. This is a rare opportunity to acquire a stable, high-performing retail center in a desirable location.

Location Insight

City

Wisconsin Rapids

County

Wood

State

Wisconsin

Longitude

-89.8163

Latitude

44.3552