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1501 Creston Park Dr Janesville, WI 53545

For Sale

Details

  • StatusFor Sale
  • Cap Rate8.5%
  • TenantsSchnucks
  • Lease TypeNN
  • Building Size65,138 SF
  • Lot Size2.96 Acres
  • NOI$667,665

Property Description

Prime Retail Property in Janesville, WI

Discover an exceptional investment opportunity with this prime retail property leased to Schnucks, located at 1501 Creston Park Drive in Janesville, WI. This impressive 65,138 square foot single-tenant building is a standout asset in the thriving Janesville market.

Recent Renovations and Tenant Commitment

The property boasts significant recent renovations, including upgrades to the refrigeration, meat, and produce departments. These enhancements reflect Schnucks’ commitment to maintaining a high-quality shopping environment.

Stable Lease Structure

The lease structure offers investors peace of mind with a stable tenant and a favorable 8.50 percent cap rate. It generates an annual net operating income of $667,664.52. The lease, which includes a corporate guarantee, has approximately three years remaining on the primary term. Additionally, there are options for renewal, ensuring long-term tenancy and sustained income.

Strategic Location

Strategically positioned in a high-visibility retail corridor, this property benefits from substantial foot traffic and easy access to Interstate 90. Janesville’s robust economic growth further underscores the attractiveness of this investment. The city has seen an 8.46 percent increase in median household income from 2021 to 2022 and a low unemployment rate of around 3 percent. Thus, the area’s high population density and diverse economy provide a stable and growing customer base.

Community Amenities and Transportation Improvements

The property is surrounded by community amenities, including schools, parks, and healthcare facilities. This contributes to its appeal and supports a loyal customer base. The recent completion of the I-39/90 widening project has also improved transportation efficiency. This makes the area even more attractive for retail and commercial businesses.

Why Invest in Schnucks Retail Investment Janesville

This Schnucks retail investment in Janesville is a premier opportunity for investors. It offers a high-quality asset with strong financial performance and long-term stability. This property offers investors a unique opportunity to secure high returns with a reliable tenant in a vibrant and growing market. Therefore, don’t miss out on this chance to enhance your investment portfolio with a secure and profitable asset. Contact us today to learn more about this exclusive offering.

Map

Contact

Portrait of Neeraj Kumar

Neeraj Kumar

Net Lease Investment Advisor

DRE 02158755

(925) 640-4283

Portrait of Kaveh Ebrahimi

Kaveh Ebrahimi

Managing Partner

DRE 1896322

(805) 889-7837

Portrait of Jason Gribin

Jason Gribin

Managing Partner

DRE 1819611

(310) 867-9311

Request more information.