Park Plaza — Sale in Manitowoc, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Manitowoc, WI 54220

Photos

Park Plaza — Sale in Manitowoc, WI, photo 1 of 2
Park Plaza — Sale in Manitowoc, WI, photo 2 of 2

Investment Figures

Cap rate
8.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT. 3 Separate Buildings in Offering – Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center. 4,831 SF 2-Tenant Freestanding Outparcel Building with Excellent Visibility & Frontage. Situated Along Route 42 with 17,170 VPD – Primary Retail Corridor and Arterial Connecting Downtown Manitowoc to I-43. Investment Highlights: • 100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT • 3 Separate Buildings in Offering – Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center • Anchored by Hobby Lobby (41% of GLA) – Tenant Since 2005; Recent 10 Yr Renewal; Cheap $3.25/SF NNN Rent • Mark to Market Opportunity - Average In- Place Rent of $7.87/SF • Durable, Tenured Rent Roll – 60% of Tenants in Place for 20+ Years • 4,831 SF 2-Tenant Freestanding Outparcel Building with Excellent Visibility & Frontage • Functional Site Layout at Signalized Intersection with Multiple Access Points (7)

Market Context

This retail in Manitowoc, WI is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Manitowoc, WI — view the full market.

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