For Sale: Retail Investment Property - Access Commercial Real Estate
For Sale: Retail Investment Property
Highlights Quick Facts
Retail investment opportunity consisting of two freestanding buildings Tenants include Domino’s Pizza, 1 Hour Cleaners, and SalonCentric Single small vacancy for upside potential Contact
Casey Weiss, CCIM (p) 608.304.5700 (e) [email protected] Maria Peterson (p) 608.780.1822 (e) [email protected]
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Property Summary Access Commercial Real Estate is proud to offer the sale of Sand Lake Plaza, a retail investment opportunity consisting of two buildings totaling 13,000 SF on 1.08 acres in Onalaska, WI. This shopping center is currently 89% occupied and includes tenants such as Domino’s Pizza, 1 Hour Cleaners, Sun Room Tanning Salon & Spa, and SalonCentric (L’Oreal USA salon supply). The property offers a large parking area, pylon sign with five panels, a drive-thru (currently used by 1 Hour Cleaners), and plenty of highly-visible building signage.
Sand Lake Plaza is located directly along Sand Lake Road in Onalaska. It is one block north of Main Street and across from the Center 90 shopping center. The site is on a corner lot that has great visibility to high traffic counts and multiple access points along Sand Lake Road and Madison Street, allowing for easy customer access to both the front and rear of the center. This location is considered to be in the heart of Onalaska, and is less than a mile from US Hwy 53 and I-90 access.
Property Facts Address:
224-306 Sand Lake Road Onalaska, WI 54650
Building Size:
13,000 square feet
Lot Size:
1.08 acres
Parcel ID:
18-745-0 and 18-745-1
RE Taxes:
$26,156.92
Building Use:
Retail
Surrounding Uses
Retail and Residential
Construction Type:
Block & steel, rubber membrane and rock ballast roofs
HVAC:
Forced-air heat and A/C
Zoning:
B-1 Neighborhood Business District
Parking:
50
Tenants:
Domino’s, SalonCentric (L’Oreal USA), 1 Hour Cleaners, Sun Room Tanning Salon & Spa, 1 apartment
Traffic Counts:
12,600 Vehicles Per Day
Sale Price:
$1,100,000 / $84.58 per SF / 7.5% Cap Rate
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Tenant List
Name
Square Footage
% of Leasable Area
Lease Type
Apartment
500
4%
Mod. Gross
VACANCY
1,365
11%
Mod. Gross
SalonCentric
3,544
27%
Mod. Gross
One Hour Cleaners
2,157
17%
Mod. Gross
Domino’s
1,616
12%
Mod. Gross
Sun Room Tanning
3,824
29%
Mod. Gross
Total
13,006
100%
Operating Data
Current
Pro-Forma
Gross Rental Income
$
118,451
$
134,831
Sign Income
$
750
$
750
Gross Operating Income
$
119,201
$
135,581
Less RE Taxes
$
(26,157)
$
(26,157)
Less Snow Removal
$
(2,000)
$
(2,000)
Less Lawn Care (Estimate)
$
(1,500)
$
(1,500)
Less Insurance (Estimate)
$
(2,000)
$
(2,000)
Restroom Cleaning & Supplies (Estimate)
$
(3,000)
$
(3,000)
Reserves
$
(2,500)
$
(2,500)
Net Operating Income
$
82,044
$
98,424
Cap Rate
7.5%
8.9%
*Please contact ACRE for detailed lease and financial information
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Exterior Photos
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Interior Photos
Property Highlights
Retail investment opportunity consisting of a 13,000 SF shopping center in two freestanding buildings
Corner location with excellent visibility and access
Property features pylon sign, building signage, and drive-thru lane
Current tenants include Domino’s Pizza, 1 Hour Cleaners, Sun Room Tanning Salon & Spa, and SalonCentric (L’Oreal USA salon supply)
Located directly along Sand Lake Road, just one block north of Main Street in Onalaska
90% occupied, with small vacancy for upside potential
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Property Aerials
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Regional Map
Demographics 1-Mile
3-Mile
5-Mile
Population
9,691
27,432
48,387
Average HH Income
$65,349
$70,514
$65,086
Contact Casey Weiss, CCIM
M a r ia P et e rs o n
(p) 608.304.5700 (e) [email protected]
(p) 608.780.1822 (e) [email protected]
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
Highlights Quick Facts
Retail investment opportunity consisting of two freestanding buildings Tenants include Domino’s Pizza, 1 Hour Cleaners, and SalonCentric Single small vacancy for upside potential Contact
Casey Weiss, CCIM (p) 608.304.5700 (e) [email protected] Maria Peterson (p) 608.780.1822 (e) [email protected]
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Property Summary Access Commercial Real Estate is proud to offer the sale of Sand Lake Plaza, a retail investment opportunity consisting of two buildings totaling 13,000 SF on 1.08 acres in Onalaska, WI. This shopping center is currently 89% occupied and includes tenants such as Domino’s Pizza, 1 Hour Cleaners, Sun Room Tanning Salon & Spa, and SalonCentric (L’Oreal USA salon supply). The property offers a large parking area, pylon sign with five panels, a drive-thru (currently used by 1 Hour Cleaners), and plenty of highly-visible building signage.
Sand Lake Plaza is located directly along Sand Lake Road in Onalaska. It is one block north of Main Street and across from the Center 90 shopping center. The site is on a corner lot that has great visibility to high traffic counts and multiple access points along Sand Lake Road and Madison Street, allowing for easy customer access to both the front and rear of the center. This location is considered to be in the heart of Onalaska, and is less than a mile from US Hwy 53 and I-90 access.
Property Facts Address:
224-306 Sand Lake Road Onalaska, WI 54650
Building Size:
13,000 square feet
Lot Size:
1.08 acres
Parcel ID:
18-745-0 and 18-745-1
RE Taxes:
$26,156.92
Building Use:
Retail
Surrounding Uses
Retail and Residential
Construction Type:
Block & steel, rubber membrane and rock ballast roofs
HVAC:
Forced-air heat and A/C
Zoning:
B-1 Neighborhood Business District
Parking:
50
Tenants:
Domino’s, SalonCentric (L’Oreal USA), 1 Hour Cleaners, Sun Room Tanning Salon & Spa, 1 apartment
Traffic Counts:
12,600 Vehicles Per Day
Sale Price:
$1,100,000 / $84.58 per SF / 7.5% Cap Rate
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Tenant List
Name
Square Footage
% of Leasable Area
Lease Type
Apartment
500
4%
Mod. Gross
VACANCY
1,365
11%
Mod. Gross
SalonCentric
3,544
27%
Mod. Gross
One Hour Cleaners
2,157
17%
Mod. Gross
Domino’s
1,616
12%
Mod. Gross
Sun Room Tanning
3,824
29%
Mod. Gross
Total
13,006
100%
Operating Data
Current
Pro-Forma
Gross Rental Income
$
118,451
$
134,831
Sign Income
$
750
$
750
Gross Operating Income
$
119,201
$
135,581
Less RE Taxes
$
(26,157)
$
(26,157)
Less Snow Removal
$
(2,000)
$
(2,000)
Less Lawn Care (Estimate)
$
(1,500)
$
(1,500)
Less Insurance (Estimate)
$
(2,000)
$
(2,000)
Restroom Cleaning & Supplies (Estimate)
$
(3,000)
$
(3,000)
Reserves
$
(2,500)
$
(2,500)
Net Operating Income
$
82,044
$
98,424
Cap Rate
7.5%
8.9%
*Please contact ACRE for detailed lease and financial information
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Exterior Photos
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Interior Photos
Property Highlights
Retail investment opportunity consisting of a 13,000 SF shopping center in two freestanding buildings
Corner location with excellent visibility and access
Property features pylon sign, building signage, and drive-thru lane
Current tenants include Domino’s Pizza, 1 Hour Cleaners, Sun Room Tanning Salon & Spa, and SalonCentric (L’Oreal USA salon supply)
Located directly along Sand Lake Road, just one block north of Main Street in Onalaska
90% occupied, with small vacancy for upside potential
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Property Aerials
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
For Sale: Retail Investment Property 224-306 Sand Lake Road, Onalaska, WI 54650
Regional Map
Demographics 1-Mile
3-Mile
5-Mile
Population
9,691
27,432
48,387
Average HH Income
$65,349
$70,514
$65,086
Contact Casey Weiss, CCIM
M a r ia P et e rs o n
(p) 608.304.5700 (e) [email protected]
(p) 608.780.1822 (e) [email protected]
w w w . A CC ES SCR E . c om This information has been obtained by sources deemed reliable by ACRE, but is not guaranteed. Buyer/Tenant must verify the information and bears the risk for any inaccuracies. All square footages and property ages are approximate.
