Stellar Center | 2025 Marinette Ave
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Stellar Center 2025 Marinette Ave
10,000 SF 100% Leased Retail Building Marinette, WI 54143 $2,023,000 ($202/SF) 7% Cap Rate
Investment Highlights
- High Image Construction Retail Center Built in 2012
- Sherwin Williams: NYSE: SHW | Standard & Poor's: BBB
- Los Tres Magueyes: 10 Year Lease Featuring a 10% Rental Increase in Year 6 and In Options | Significant Capital Improvements To Update Space
- Double Net Leases - Minimal Landlord Responsibilities - Taxes/Insurance/CAM Reimbursed
- Edward Jones Signed a 10-Year Lease in 2023 Featuring 3% Annual Rental Increases
- Located Along Marinette Ave/Hwy 41: Over 17,500 Vehicles/Day
Executive Summary
High Image Construction Retail Center Built in 2012
Double Net Leases - Minimal Landlord Responsibilities - Taxes/Insurance/CAM Reimbursed
Sherwin Williams: NYSE: SHW | Standard & Poor's: BBB
Edward Jones Signed a 10-Year Lease in 2023 Featuring 3% Annual Rental Increases
Los Tres Magueyes: 10 Year Lease Featuring a 10% Rental Increase in Year 6 and In Options | Significant Capital Improvements To Update Space
Over 28,000 People Within 5 Miles of Subject Property
5 Mile Average Household Income Exceeds $65,000
Located Along Marinette Ave/Hwy 41: Over 17,500 Vehicles/Day
Double Net Leases - Minimal Landlord Responsibilities - Taxes/Insurance/CAM Reimbursed
Sherwin Williams: NYSE: SHW | Standard & Poor's: BBB
Edward Jones Signed a 10-Year Lease in 2023 Featuring 3% Annual Rental Increases
Los Tres Magueyes: 10 Year Lease Featuring a 10% Rental Increase in Year 6 and In Options | Significant Capital Improvements To Update Space
Over 28,000 People Within 5 Miles of Subject Property
5 Mile Average Household Income Exceeds $65,000
Located Along Marinette Ave/Hwy 41: Over 17,500 Vehicles/Day
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Building Class
C
Year Built
2012
Price
$2,023,000
Price Per SF
$202
Cap Rate
7%
NOI
$141,610
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
0.90 AC
Zoning
B-3
Parking
39 Spaces (3.9 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 251-00600.002 | Improvements Assessment | $21,500 |
| Land Assessment | $218,600 | Total Assessment | $240,100 |
PROPERTY TAXES
Parcel Number
251-00600.002
Land Assessment
$218,600
Improvements Assessment
$21,500
Total Assessment
$240,100
-
Power Broker Deno Bistolarides -
Matthew Weber -
Encore Real Estate Investment Services
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Stellar Center | 2025 Marinette Ave
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