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Browse More Listings in Shopping Center For Sale, New London, WI or Wisconsin

Shopping Center For Sale

Wolf River Plaza

410 wolf river plaza, New London, WI 54961

Price:
$1,400,000
Gross Leasable Area:
51,000 SF
Price/SF:
$27.45
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Property Use Type:
Investment
Cap Rate:
7.57%
Occupancy:
43%
Tenancy:
Multiple
Lot Size:
1.89 AC
Find Out More...

Last Verified 11/5/2009 Listing ID 16095993

Description

One of three shopping centers for sale by the same Owner the price is
$1,400,000 (7.5 cap rate on 2009 forecasted NOI) to purchase this 51,000 square foot strip center.

Located on Waupaca Street and Lincoln Court in New London (pop. 7,000) WI. and anchored by a newly renewed 9,600 sf Family Dollar (expiration 12/31/2013)

Tenants include Family Dollar, Security Finance, Ultracom Wireless, Hong Kong Buffet and others.Shadow anchored by Festival Foods, New London Cinemas, Family Video. The center offers 29,000 square feet of upside leasing. 18,000 square feet is ready to go. Perfect for hardware store , medical, call center. Low CAM/TX/INS costs of only 80 cents PSF.

New London, WI is located west of the Fox Cities. This center is located near downtown at the center of population and the City's entertainment area and dominant grocery store. On 12/31/10 the 2.2 acre parking lot reverts from the City of New London to the property and the total property acreage increases to 4.09 acres

Financial Summary

Actual
Net Operating Income
$105,980

Map of 410 wolf river plaza, New London, WI 54961 (Waupaca County)

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Created 2/9/2009

Additional Information for 410 Wolf River Plaza, New London, WI 54961

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Wolf River Plaza

410 wolf river plaza, New London, WI, 54961