This Retail Property is Off-Market.

1202 N Green Bay Road
Racine, WI 53406 ·

59,162 SF · Retail For Sale

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Pick 'n Save

Price N/A Property Use Type Investment
Building Size 59,162 SF Cap Rate 7%
Property Type Retail Occupancy 100%
Property Sub-type Free Standing Bldg Tenancy Single
Listing ID: 15287594 Date Created: 08/14/2007 Last Updated: 05/27/2008

Description

This freestanding 59,162 sf Pick N Save is on a 237,916 sf lot at the SWC corner of Spring St and Green Bay Rd (U.S. Highway 31) in Mt. Pleasant, Wisconsin, just west of Racine. A freestanding Walgreens and a freestanding M&I Bank are located on the site and are separately owned and not part of the offering. The site includes 286 parking spaces and offers two points of ingress and egress, one from Spring Street and one from Green Bay Road. Spring Street and Green Bay Road have center turning lanes making the property easily accessible. In addition, Pick N Save will benefit from the third curb cut on Spring Street that allows access for truck loading docks.

To the south nearby retailers include Kohl' s, Office Depot, Hobby Lobby, Blockbuster Video, Shopko, Panera Bread, Chipotle, Noodles & Company, Dollar Tree, Old Country Buffet, Westgate Cinema, Piggly Wiggly, Jewel, and Starbucks. Regency Mall is located three miles south of the subject property at the intersection of Green Bay Road and Durand Avenue anchored by JCPenney, Boston Store, Sears, Steve & Barry' s University Sportswear,

The Pick N Save is located in Mt. Pleasant, Wisconsin at the intersection of Spring Street and Green Bay Road (U.S. Highway 31). Mt. Pleasant (Racine) is ideally located between Milwaukee and Chicago. Mt. Pleasant is experiencing rapid residential development as it becomes a commuter town for both metropolitan areas. Approximately 700 businesses operate in Mt. Pleasant, ranging from manufacturing and retail businesses to hotels, restaurants and shopping centers. The area is becoming the premier shopping destination in Eastern Racine County with the opening of Village Centre Shopping Plaza and is the major hotel destination in Racine County. The Pick N Save is located in a dense residential area with over 132,000 people living within a five-mile radius of the property.

Research

1202 N Green Bay Road, Racine, WI 53406 (Racine County)

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