monroe pick `n save
Transcription
monroe pick `n save
Monroe Pick ‘n Save MONROE, WISCONSIn Offering Summary M AY Real Estate Monroe Pick ‘n Save Exclusive Advisor: MAY REAL ESTATE LLC 1415 W. 22nd Street, Tower Floor Oak Brook, IL 60523 630-990-7900 mayre.com For further information contact: John May Chris LaBounty o 630-990-7979 c 630-379-4500 [email protected] o 630-990-7997 c 630-263-2603 [email protected] M AY Real Estate Monroe Pick ‘n Save The mall has a historical and current occupancy of approximately 95%. Offering and Highlights May Real Estate LLC has been retained to sell the 100% fee simple interest in Monroe Pick ‘n Save, Monroe, Green County, Wisconsin. ■ ■ ■ ■ ■ ■ ■ Monroe Pick ‘n Save is a 71,682 square foot grocery anchored shopping center that is located in the heart of the Monroe Retail Trade Zone. Pick ‘n Save has been at the center since 2004 and has a long term lease through December 2024. Additional tenants include Verizon, Jimmy John’s Gourmet Sandwiches, Papa Murphy’s Take ‘N’ Bake Pizza, Great Clips, Nail Care, Check Into Cash and World Finance Corporation. Monroe, Wisconsin is approximately 30 miles south of Madison. The subject is positioned at the southwest quadrant of 8th Street and 3rd Avenue – a signalized intersection. There are four points of ingress/egress. Leasing velocity at the project is strong. World Finance Corporation is new to the center within the past year. Nail Care and Verizon recently signed a 10-year and 5-year lease respectively and are expected to open soon. The offering features upside via scheduled rent growth, rolling tenants to market rental rates and lease-up of the one vacant suite. The project will trade at a level below replacement cost. 2015 Net Operating Income $717,732 M AY Real Estate Monroe Pick ‘n Save South Central Wisconsin Map Regional Map M AY Real Estate Monroe Pick ‘n Save AERIAL M AY Real Estate Monroe Pick ‘n Save Leasing Plan M AY Real Estate