RE Commercial LLC 677 Baeten Road Green Bay, WI 54304 920.997.3334 www.recommercialwi.com Todd DeVillers, SIOR, CCIM Managing Partner 920.470.7573 todd.devillers@recwi.com Marc Veras, SIOR, CCIM Partner 920.470.7571 marc.veras@recwi.com
As the exclusive agent for the owner, RE Commercial LLC is pleased to offer a 100% interest in a multi-tenant retail center located in New London, WI. This property offers investors the opportunity to own a well-positioned, multi-tenant asset shadow-anchored by Wal-Mart and Piggly Wiggly. This in-line, retail center is 90% leased with several long-term tenants, providing the incoming owner with a steady and reliable income stream, as well as an opportunity for added value. The City of New London, WI is located in both Outagamie and Waupaca Counties. It lies approximately 35 miles west of Green Bay and 95 miles north of Milwaukee, with a population of 7,170 (2016). New London has enjoyed steady growth that is attributed, in part, to a healthy business environment. Situated on both the Wolf and Embarrass Rivers, New London attracts fishermen year-round, It is also a popular destination for river tubing, canoeing, and camping.
Property Highlights Sale Price $840,000 Lot Size 1.06 acres Year Built 1994 Building Size 13,000 square feet Total Occupancy 90% Available Suite Parking Signage 66 stalls, plus additional stalls Above each suite Cap Rate 10% Parcel # 33-01-71-11 Taxes $17,302.53 Zoning MP-O Manufacturing Park This well positioned retail center is located on the north side of New London near County Highways 45 and 54 in an active retail corridor. It is shadow anchored by Wal-Mart and Piggly Wiggly Food Store. Piggly Wiggly is the main grocery store in New London, and recently renewed another option on their lease. Assessed Value Land $ 50,600 Improvements $674,000 Total $724,600 The center is currently made up of 8 local/regional retail tenants, most of which have occupied their space for an average of 13 years. Property features ample parking, high traffic neighbors, stable tenants, as well as excellent access on a prominent site.. Other neighboring businesses include Best Car Wash, Cash Store, Island Music, and Super Lube.
Nicolet Staffing AVAILABLE Cost Cutters Maytag Coin Laundry 2,600 sf Cash Store 1,105 sf King House Restaurant 1,495 sf Sav-Half Greeting Cards Cricket Wireless 1,100 sf Nails & Spa 1,500 sf
Tenant Suite Size Tenant Profile Nicolet Staffing Cost Cutters Nicolet Staffing is an employment service agency that has been in business since 1977. Nicolet Staffing has 10 offices located throughout the Wisconsin and northern Michigan areas. Employment areas include manufacturing, clerical, and supportive home care. Cost Cutters is a hair salon that offers a wide range of services at reasonable prices. It was founded in 1982 in Minneapolis. Today it is owned by Regis Corporation and has over 600 salons in 37 states. Maytag Coin Laundry 2,600 sf Maytag Coin Laundry is a fully equipped coin-operated Laundromat. It is an established, local business that has been at its current location for 11 years. Cash Store King House Chinese Restaurant Sav-Half Greeting Cards Cricket Wireless Nails & Spa 1,105 sf 1,495 sf 1,100 sf 1,500 sf Cash Store a personal lending company that offers title loans and installment loans since 1996. It is based in Irving, Texas, and has over 340 stores throughout the US. King House Chinese Restaurant is a privately held company that was established in 2010. It is a popular Chinese restaurant in the area. Sav-Half Cards has 5 locations throughout northeast Wisconsin. It offers home décor, gifts, greeting cards, as well as high quality educational toys. Cricket Wireless is a prepaid wireless service provider. It offers voice, text, and data and is a wholly owned subsidiary of AT&T. It was founded in 1999 in Tennessee, and can now be found in over 4,300 authorized retail stores in all 50 states. Nails & Spa is a privately owned business that was established in 2007. It offers manicures, pedicures, as well as many beauty products.
Curves Piggly Wiggly H&R Block Best Wash North Super Lube Wal-Mart Edward Jones Crystal Falls Banquet Hall Pomp s Tires Best Value Inn AmericInn Advanced Auto Parts
DEMOGRAPHICS 1 Mile 3 Miles 5 Miles DEMOGRAPHICS- DRIVETIME 5 Minutes 10 Minutes 15 Minutes Population 8,631 11,565 28,225 Average Household Income $65,016 $69,643 $75,240 Daytime Population 5,149 5,918 10,990 Population 2,281 11,383 20,663 Average Household Income $62,777 $68,649 $73,970 Daytime Population 2,399 5,660 8,144