Current Use by Public Records
- Lifestyle centers
Property Details for 5601 Us-10
- Year built
- 1993
- Lot size
- 10.27 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A, 115,610 square foot shopping center in Stevens Point, Wisconsin, presents a compelling investment opportunity. Boasting four high-credit national tenants—Ross Dress for Less, Five Below, Big Lots, and Dunham's Sports—the property enjoys 100% occupancy with a weighted average lease term of nine years remaining, including renewal options and scheduled rent bumps. Built in 1993 and extensively renovated in 2023, featuring the latest prototype layouts, the center benefits from strong Placer.ai data, ranking highly nationally and within Wisconsin for visitor numbers. Situated on a 10.27-acre lot with prime highway frontage (24,113 vehicles per day) at the major I-39/Hwy 10 junction (42,576 VPD), the center enjoys exceptional visibility and accessibility within a dominant retail corridor. The property's strong demographics, proximity to major employers, housing, and entertainment complexes, combined with below-market rent on one tenant, contribute to a robust NOI of $818,325 and a 7.50% cap rate. The asking price is $10,911,000, translating to $94.38 per square foot. This triple net lease investment offers a secure, high-yield return with significant upside potential. Specific lease details and rent bump information are available upon request. The property is offered fee simple (land and building ownership).
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stevens Point
- County
- Portage
- State
- Wisconsin
- Longitude
- -89.5077
- Latitude
- 44.521
