fully stabilized retail investment opportunity · kenosha is one of the fastest growing areas in...

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FOR MORE INFORMATION PLEASE CONTACT : Keely Polczynski // [email protected] // +1 312 861 7870 Michael Gendell // [email protected] // +1 312 861 7890 FULLY STABILIZED RETAIL INVESTMENT OPPORTUNITY KENOSHA POINTE CBRE, as exclusive agent, is pleased to announce the opportunity to acquire Kenosha Pointe Retail Center. This 10,712 square foot retail center is 100% leased to a strong mix of national and non-national tenants in a primary retail thoroughfare in Kenosha, WI. Excellent location adjacent to CVS and McDonald’s and directly across the street from a newer Wal-Mart Supercenter and Sam’s Club, which all draw a tremendous amount of traffic to this intersection. Average daily traffic counts exceed 27,600 VPD on Green Bay Rd. Highlights of the Offering are as follows: Prime Retail Thoroughfare – The property is positioned at the far north end of the commercial corridor, which is anchored by a Wal-Mart and Sam’s Club (opened in August 2009), positioned directly across Green Bay Road, in the Town of Somers. Stable Cash Flow – Subway and Forward Dental provide national credit to the cash flow complimented by reliable local tenants which offer a stable stream of income for years to come. Each lease has a substantial amount of time left and they all have options with rent escalations as well. Wal-Mart and Sam’s Club Across The Street – Having such large traffic generators such as these two Super Stores will give this center a boost to really become a go-to location for many Kenoshans for their dental, beauty, optical, and physical needs. Amazon Warehouse – Amazon.com has opened a 1.0 million-square foot warehouse fulfillment center, the largest Amazon distribution center in the Midwest, near Interstate 94 and 38th Street. The facility currently employs 1,100 full-time workers and is a huge economic driver for the area, and with such close proximity to the site Kenosha Pointe Retail Center will see direct benefits from this addition. Price: $3,325,500 Cap Rate: 7.8% Occupancy: 100% GLA: 10,712 SF Site Size: 1.4 Acres Zoning: B-2 (Community business district) PIN: 08-222-27-101-021 Year Built: 2014 Tenants: Subway (1,500 SF) Planet Beach (1,400 SF) Eye Trendz (1,221 SF) Forward Dental (4,250 SF) PT Pros (2,341 SF)

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Page 1: FULLY STABILIZED RETAIL INVESTMENT OPPORTUNITY · Kenosha is one of the fastest growing areas in the state of Wisconsin. Situated between Chicago and Milwaukee off of 1-94, Kenosha

F O R M O R E I N F O R M AT I O N P L E A S E C O N TA C T : Keely Polczynski // [email protected] // +1 312 861 7870 Michael Gendell // [email protected] // +1 312 861 7890

F U L L Y S T A B I L I Z E D R E T A I L I N V E S T M E N T O P P O R T U N I T Y

K E N O S H A P O I N T ECBRE, as exclusive agent, is pleased to announce the opportunity to acquire Kenosha Pointe Retail Center. This 10,712 square foot retail center is 100% leased to a strong mix of national and non-national tenants in a primary retail thoroughfare in Kenosha, WI. Excellent location adjacent to CVS and McDonald’s and directly across the street from a newer Wal-Mart Supercenter and Sam’s Club, which all draw a tremendous amount of traffic to this intersection. Average daily traffic counts exceed 27,600 VPD on Green Bay Rd.

Highlights of the Offering are as follows:

Prime Retail Thoroughfare – The property is positioned at the far north end of the commercial corridor, which is anchored by a Wal-Mart and Sam’s Club (opened in August 2009), positioned directly across Green Bay Road, in the Town of Somers.

Stable Cash Flow – Subway and Forward Dental provide national credit to the cash flow complimented by reliable local tenants which offer a stable stream of income for years to come. Each lease has a substantial amount of time left and they all have options with rent escalations as well.

Wal-Mart and Sam’s Club Across The Street – Having such large traffic generators such as these two Super Stores will give this center a boost to really become a go-to location for many Kenoshans for their dental, beauty, optical, and physical needs.

Amazon Warehouse – Amazon.com has opened a 1.0 million-square foot warehouse fulfillment center, the largest Amazon distribution center in the Midwest, near Interstate 94 and 38th Street. The facility currently employs 1,100 full-time workers and is a huge economic driver for the area, and with such close proximity to the site Kenosha Pointe Retail Center will see direct benefits from this addition.

Price: $3,325,500

Cap Rate: 7.8%

Occupancy: 100%

GLA: 10,712 SF

Site Size: 1.4 Acres

Zoning: B-2 (Community business district)

PIN: 08-222-27-101-021

Year Built: 2014

Tenants: Subway (1,500 SF)

Planet Beach (1,400 SF)

Eye Trendz (1,221 SF)

Forward Dental (4,250 SF)

PT Pros (2,341 SF)

Page 2: FULLY STABILIZED RETAIL INVESTMENT OPPORTUNITY · Kenosha is one of the fastest growing areas in the state of Wisconsin. Situated between Chicago and Milwaukee off of 1-94, Kenosha

Demographics 1 MI 3 MI 5 MI

Population 5,547 66,060 118,801

Avg. HH Income $65,618 $58,244 $63,727

Number of Households 2,184 25,420 45,161

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

F U L L Y S T A B I L I Z E D R E T A I L I N V E S T M E N T O P P O R T U N I T Y

Kenosha is one of the fastest growing areas in the state of Wisconsin. Situated between Chicago and Milwaukee off of 1-94, Kenosha is an ideal location for companies and families looking for ease of access to two of the Midwest’s largest urban areas. Since 2006, over 5-million square feet of industrial space has been developed in the Kenosha area, bringing new jobs & a stimulus to the local economy. In addition, ACCO Brands, Gordon Food Services, Mondi Akosil and Uline recently made major investments in Kenosha County through business endeavors. With Kenosha’s pro-business community, it is expected the local economy will continue to grow. In 2015, Amazon decided to make Kenosha its distribution hub opening a 1,500,000 SF fulfillment warehouse which employs over 2,000 full-time and part-time workers.

Page 3: FULLY STABILIZED RETAIL INVESTMENT OPPORTUNITY · Kenosha is one of the fastest growing areas in the state of Wisconsin. Situated between Chicago and Milwaukee off of 1-94, Kenosha

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

F U L L Y S T A B I L I Z E D R E T A I L I N V E S T M E N T O P P O R T U N I T Y

DRIVE-THRU

Planet Beach Automated Spa

EYE TrendZ

PT PROS

F O R M O R E I N F O R M AT I O N P L E A S E C O N TA C T : Keely Polczynski // [email protected] // +1 312 861 7870 Michael Gendell // michael.gendell // +1 312 861 7890