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1907 Market Way
Watertown, WI 53094

Gateway Market · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
13,831 SF
Building Class
C
Year Built
2006
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
3.60 AC
Zoning
LB2 - Commercial Local Business
Parking
134 Spaces (9.69 Spaces per 1,000 SF Leased)
Frontage
320 FT on Market Way

AMENITIES

  • Freeway Visibility
  • Drive Thru
  • Air Conditioning

ABOUT 1907 MARKET WAY , WATERTOWN, WI 53094

Capital Pacific is pleased to present the opportunity to acquire Gateway Market in Watertown, WI. The subject property is a six-tenant strip center shadow anchored by Walmart Supercenter. The property features NNN lease structures, with tenants reimbursing for their expenses and Landlord’s responsibility limited to roof and structure. The tenant lineup is anchored by corporate leases with GameStop (5,800 locations) and Cash Store (340 U.S. locations). Additionally, the property includes Rosati’s Pizza restaurant (200 locations), a nail salon (V Nails), massage parlor (S.J. Massage), and laundromat, creating a dynamic mix of national retailers and regional/local retail. The investment features an attractive, low average rent of $13.85 per foot. The Property features standalone visibility along Market Way directly adjacent to Highway 26, the main thoroughfare through Watertown. Within the trade area there are a number of retail centers that produce heavy traffic to daytime businesses. Some of these major drivers include Walmart, ALDI, and Tractor Supply Co. The surrounding area of Watertown boasts average household incomes over $64,000 and a population density of 27,626 residents within a 5-mile radius of the subject property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
291-0815-1623-006
Land Assessment
$475,000
Improvements Assessment
$793,500
Total Assessment
$1,268,500
  • Listing ID: 17754472

  • Date on Market: 11/18/2019

  • Last Updated:

  • Address: 1907 Market Way, Watertown, WI 53094

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