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1019 River St 43,321 SF 100% Leased Retail Building Belleville, WI 53508 $3,400,000 ($78.48/SF) 7.85% Cap Rate
Investment Highlights
- Grocery-anchored retail center totaling 43,321 square feet on a 4.5-acre site with diverse tenants including Piggly Wiggly, Family Dollar & more.
- Property generates annual net operating income of $262,839.67, creating predictable cash flow for investors.
- Well-positioned retail location with excellent co-tenancy driving steady customer traffic.
- Long-term Piggly Wiggly lease secured through February 2032 with a corporate guarantee, providing strong income stability.
- Sale includes two additional parcels: a 1.5-acre site suitable for potential multi-family development & a 1-acre outlot for future commercial use.
- Offered at $3,400,000, combining a stabilized income stream with development upside.
Executive Summary
This Belleville building is a 44,361 square foot retail center built in 2001 and sits on a 4.5 acre lot. Anchor tenants include Piggly Wiggly, Family Dollar/ Dollar Tree, Verizon and Edward Jones. This property offering includes an additional 1.5 acre parcel that could be zoned for multi-family development as well as an adjacent 1 acre outlot for development. NOI: $267,034.27; Piggly Wiggly lease expiration: 2/3/32*; Corporate guarantees; Sale Price: $3,400,000
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
43,321 SF
Building Class
C
Year Built
2001
Price
$3,400,000
Price Per SF
$78.48
Cap Rate
7.85%
NOI
$267,034
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
4.50 AC
Zoning
C - Commercial
Parking
94 Spaces (2.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0508-273-1505-1 | Improvements Assessment | $1,474,500 |
| Land Assessment | $552,000 | Total Assessment | $2,026,500 |
Property Taxes
Parcel Number
0508-273-1505-1
Land Assessment
$552,000
Improvements Assessment
$1,474,500
Total Assessment
$2,026,500
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Contact the Sale Advisor
1019 River St