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1501-1567 Broadway St N
Menomonie, WI 54751

$8,835,000 USD

Storefront For Sale  •  135,000 SF

Property Details

  • Property Type Storefront
  • Total Building Size 128,929 SF
  • Lot Size 8.1 AC
  • Building Class A
  • Year Built 1973
  • Cap Rate 8.00 %
  • Tenancy Multiple
  • Zoning C-1
0 Transit Score
42 Walk Score

Highlights

129,000 Square Foot Neighborhood Center
93% Occupancy | Zero Lease Rollover until at least 2027 | 73% of the GLA is Leased until at least 2033
Massive Upside Opportunity | Landlord has an LOI from a National Tenant for the Remaining Vacant Space (See Agent for more Details)
9.90% Pro Forma Cap Rate (based off of Terms Offered in the Lease LOI)
Shadow Anchors McDonald’s (Top 18% Nationwide), Taco Bell (Top 25% Nationwide) & Starbucks (Top 31% Nationwide) Via Placer.ai Ranks # of Annual Visits
Menomonie is Home to the University of Wisconsin-Stout Campus | 6,900+ Enrollment | NCAA Division III – WIAC

Property Flyers

Financial Summary (Actual)

Net Operating Income: $706,953 USD (2024)
Cap Rate: 8.00 %
Total Expenses: $206,900 USD

Major Tenants

Tenant SF Occupied Lease End Date
Dunham's Sports 23,200 SF 1/31/2027
Eclipse Self Storage 39,400 SF 11/30/2043
Fitness 1440 15,162 SF 4/30/2033
Stout Craft Co. 22,526 SF 4/30/2033

Amenities

  • Signage
  • Signalized Intersection
  • Enclosed Mall

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 755
Type: Surface
Included in Rent: Yes
Nathan Whalen 317-218-5329 Marcus & Millichap
Nathan Whalen 317-218-5329 Marcus & Millichap