1320 Broadway N St Menomonie, WI 54751-4771

Property Details for 1320 Broadway N St

Property type

Commercial real estate

APN

1725122813232200079

APU

1725122813232200079

Description

This six-tenant shopping center in Menomonie, Wisconsin, presents a compelling value-add investment opportunity. The 12,714 square foot property sits on a 0.97-acre lot at a prominent corner location on N Broadway St, offering excellent visibility and accessibility. Currently boasting 90% occupancy, the center features a mix of e-commerce resistant tenants with NNN leases, providing a passive income stream for the new owner. The current Net Operating Income (NOI) is $133,288, with a pro-forma NOI projected at $176,749, reflecting a significant upside potential. The asking price is $1,854,895, representing a current cap rate of 7.19% and a pro-forma cap rate of 9.53%. The property benefits from its location near the University of Wisconsin-Stout and numerous national retailers, including Walgreens, Taco Bell, and others, ensuring a strong retail environment. Menomonie itself is a thriving community with a diverse economy, including a significant industrial base and a robust healthcare system. This fee-simple ownership opportunity offers a strong return on investment with potential for increased profitability through lease-up and rent optimization. The property's location in a well-established retail corridor and its proximity to a major university contribute to its long-term viability and growth potential. The current tenant mix provides a solid foundation for future success, and the NNN lease structure minimizes management responsibilities.