x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Starbucks-Anchored Shops, Manitowoc, WI

Starbucks-Anchored Shops

Price $2,506,000
Cap Rate 6.85% return
NOI $171,650
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2007
Building Size 7,110 SF
Lot Size 1.5 acres (65,100 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Wisconsin-licensed real estate broker Cushman & Wakefield, Inc.

Investment Highlights

100% LEASED MULTI-TENANT PROPERTY
» Strong rent roll with high credit tenants
» Recent lease renewals and extensions
» Long-standing tenancy for all tenants
» Service-oriented, “Amazon-proof” tenants

HIGH-TRAFFIC LOCATION AT GATEWAY TO MANITOWOC
» Conveniently located just past the signalized intersection of Calumet Avenue and Dewey Avenue, with excellent visibility and access to a combined traffic count of 31,600 vehicles per day
» Immediate access to both South Rapids Road (10,700 AADT) and Interstate 43 (21,000 AADT)
» Located in Manitowoc’s retail gateway
» Outparcel to the Harbor Town shopping center, anchored by Lowe’s and tenanted by Kohl’s, Panda Express, Noodles and Company, and Qdoba, amongst others
» Surrounded by large shopping centers
» Neighboring retailers include Walmart Supercenter, Festival Foods, Menards, Petco, Aldi, OfficeMax, and AMC Theatres
» Close to future developments, with several projects planned in the property’s immediate vicinity, including the construction of a Meijer supermarket, expected to open in 2020

CENTRAL LOCATION
» Adjacent to Manitowoc’s Interstate 43 Technology and Enterprise Campus (I-TEC), a 459-acre industrial park, which is home to some of the city’s largest employers
» Near large Manitowoc-based companies Manitowoc Cranes and Manitowoc Ice
» Minutes from downtown Manitowoc and the shores of Lake Michigan



Property Description

The property is conveniently located just past the signalized intersection of Calumet Avenue and Dewey Street, with excellent visibility and access to a combined traffic count of 31,600 vehicles per day. The property also benefits from immediate access to both South Rapids Road (10,700 AADT) and Interstate 43 (21,000 AADT). Located at the gateway to Manitowoc, the property is outparcel to the Harbor Town shopping center, anchored by Lowe’s and tenanted by Kohl’s, Panda Express, Noodles and Company, and Qdoba, amongst others. The property is surrounded by large shopping centers, and neighboring retailers include Walmart Supercenter, Festival Foods, Menards, Petco, Aldi, OfficeMax, and AMC Theatres. The thriving retail area is still being developed, with several projects planned in the property’s immediate vicinity, including the construction of a Meijer supermarket, expected to open in 2020.

The property is adjacent to Manitowoc’s Interstate 43 Technology and Enterprise Campus (I-TEC), a 459-acre industrial park. The industrial park is home to some of the city’s largest employers, such as Northern Labs and Parker. Also near the property are large Manitowoc-based companies Manitowoc Cranes and Manitowoc Ice. The property is also just a few minutes from downtown Manitowoc and the shores of Lake Michigan.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link