2230 Main St Green Bay, WI 54302
Property Lookup
Property profile & analytics
2230 Main St Green Bay, WI 54302
- Strip malls
- 1,975 SF
- 1.00 lot acres
Property ID
US92-3301058
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Location Intelligence
Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
- ATI Physical Therapy / Medical Clinic
- UScellular Authorized Agent - Cell.Plus, Green Bay Main / Mobile Phone Store / Electronics & Wireless Store
Property Details for 2230 Main St
- Construction
- WOOD
- Lot size
- 1.00 lot acres
- Property size
- 1,975 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 21 457-6
- APU
- 214576
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,025-square-foot, three-tenant retail strip center in Green Bay, Wisconsin. The property, constructed in 2018, boasts a prime location on a one-acre lot at a four-way signalized intersection, ensuring high visibility and accessibility. Currently 100% occupied since March 31, 2018, the center features a diverse tenant mix including Starbucks (with a drive-thru), US Cellular, and ATI Physical Therapy. All tenants operate under NNN leases, providing a passive income stream for the owner. Starbucks' lease includes a corporate guarantee, and the US Cellular lease, encompassing 19 units, also offers a corporate guarantee. The leases offer a remaining term of approximately 3.4 years, with lease expirations in March 2028, except for US Cellular, which has notified of intent to vacate on July 1, 2026, or earlier, fulfilling lease obligations until that date. The property's strong performance is evidenced by Starbucks' exceeding 251,000 customer visits in the past year. The asking price is $2,932,000, representing a 6.00% cap rate and a net operating income (NOI) of $175,932. The property is zoned commercial and offers lease options. This presents a compelling opportunity for investors seeking a stabilized, NNN retail investment with strong tenant credit and significant upside potential. The low rents offer potential for future increases. The property's location in Green Bay, Wisconsin, provides access to a robust market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Green Bay
- County
- Brown
- State
- Wisconsin
- Longitude
- -87.9719
- Latitude
- 44.4846
- CBSA code
- 24580
- CBSA name
- GREEN BAY, WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,567
$399,400
$823,100
$1,222,500
-
$0.00
$0.00
$1,375,600
