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Starbucks & McDonald's Shadow Center 1501-1567 Broadway St N 130,387 SF 100% Leased Retail Building Menomonie, WI 54751 $10,910,000 ($83.67/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Shadows Starbucks, McDonald's & Taco Bell
- Brand New 10-Year Five Below (NASDAQ: "FIVE") Lease | Grand Opening was October 10
- New Roof in 2017 with 20-Year Warranty
- 100% Occupied | 80% of the GLA is Leased until at least 2033
- Seller has Invested over $2.5m in T.I. the last 2 Years and $225k+ in Cap Ex Enhancements
- Menomonie is a College Town - Home to University of Wisconsin-Stout (Enrollment: 6,900 Students) | Campus is 1.8 Miles Away
EXECUTIVE SUMMARY
The Seller just recently completed the buildout for Five Below in their new space, Five Below's grand opening was October 10. The Nail Spa was also moved to a new space, with the Seller building out that space as well. The center is offered fully stabilized at 100 percent occupancy, with 80 percent of the GLA leased until at least 2033, providing low rollover risk for an investor. A majority of the tenants have streamlined reimbursements with no year-end reconciliation obligations, which provide a clean and fully retained income stream and which supports a more consistent and predictable cash flow. The property is offered well below replacement at $83 per square foot.
The 130,000 square foot building shadows Starbucks, McDonald's, and Taco Bell, and is positioned with direct access to Interstate 94. Walmart is located on the other side of the interstate, which is a major traffic and economic driver along North Broadway. The University of Wisconsin-Stout campus is about 1.8 miles from the center. UW-Stout has enrollment of 6,900 students across it's 124 acre campus with 25 major academic buildings and 9 residence halls. UW-Stout is a part of the University of Wisconsin System, which includes several other universities including the University of Wisconsin-Madison (41,900+ students).
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$813,438
|
$6.24
|
| Other Income |
$268,983
|
$2.06
|
| Vacancy Loss |
$54,121
|
$0.42
|
| Effective Gross Income |
$1,028,300
|
$7.89
|
| Taxes |
$65,606
|
$0.50
|
| Operating Expenses |
$143,900
|
$1.10
|
| Total Expenses |
$209,506
|
$1.61
|
| Net Operating Income |
$818,794
|
$6.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $813,438 |
| Annual Per SF | $6.24 |
| Other Income | |
|---|---|
| Annual | $268,983 |
| Annual Per SF | $2.06 |
| Vacancy Loss | |
|---|---|
| Annual | $54,121 |
| Annual Per SF | $0.42 |
| Effective Gross Income | |
|---|---|
| Annual | $1,028,300 |
| Annual Per SF | $7.89 |
| Taxes | |
|---|---|
| Annual | $65,606 |
| Annual Per SF | $0.50 |
| Operating Expenses | |
|---|---|
| Annual | $143,900 |
| Annual Per SF | $1.10 |
| Total Expenses | |
|---|---|
| Annual | $209,506 |
| Annual Per SF | $1.61 |
| Net Operating Income | |
|---|---|
| Annual | $818,794 |
| Annual Per SF | $6.28 |
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
- Enclosed Mall
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Welcome to the Stout Craft Co. and Broadway Bowl in Menomonie, WI. Located in the Shop’s Off Broadway Mall. They offer a full menu featuring craft burgers, sandwiches, pizzas and appetizers! The Stout Craft Co. has a full service bar with over 18 beers on tap. They have LED TVs, and projection screens giving you ample viewing ability to watch your favorite sports teams. They even offer private sky box rooms for you to host a small party or watch the game with your friends. Do you like pool and darts? Stout Craft Co. has tables and boards and Axe Throwing! Broadway Bowl, located in the same building as the Stout Craft Co., features 20 bowling lanes, with nightly specials and many leagues of all skill sets. From Bowling Tournaments like the 2016 WI Senior Women’s State Tournament, to Major National Act Concerts like Rodney Atkins and Pop Evil, the Stout Craft Co. and Broadway Bowl is your one stop destination for entertainment in Menomonie, WI.
Dunham’s Sports is the Midwest’s largest sporting goods chain! Their roots go back to 1937 in West Bloomfield, MI, when a small shop called Dunham’s Bait & Tackle opened. Over the years with hard work, great customer service and attention to detail they have grown into a full line sporting goods chain serving customers in states, from Wyoming to Maryland. Every one of their stores nationally offers a full line of traditional sporting goods and athletic equipment as well as a wide variety of active and casual sports apparel and footwear. Their motto at Dunham’s Sports is Big Names…Low Prices. That is what they do everyday, gives their customers the choice of the name brands that they want at the lowest prices possible. Customers will notice this in every Dunham’s Sports store they go into where they will find Hot Deals and Sport Values at prices that may be too low to advertise.
Locally Owned & Operated Since 2011 - Online Pay - Clean - Secure - UW-Stout Alumni Owned Business. They take pride in storing customers' valuables like they are their own! They are dedicated to providing the best possible customer service. They are committed to offering them exceptional value for their hard earned money. They strive to ensure and amazing experience renting storage. Their website is easy to use and has all the features they need for a rich interactive experience. Pay their bill online 24/7. They make renting storage a hassle free experience. With over 12 years of experience in self storage, why trust stored items anyplace else? Proud members of the Wisconsin Self Storage Association and past President of the Association. They understand the unique needs of the discerning storage customer!
FITNESS:1440™ operates some of the best gyms and 24-hour fitness centers across the United States. For over a decade, the organization has helped members pursue healthier, more active lifestyles. Its services include personal training, group exercise, cardio programs, group training, and more—all designed to support individuals in achieving their health and fitness goals. Founded in 2011 on the principle of giving more than it takes, FITNESS:1440™ is committed to providing the resources, insights, and support needed to help people feel their best. The team understands that everyone begins their fitness journey from a different starting point, and they tailor their approach accordingly. With a wide range of options available, FITNESS:1440™ aims to equip members with everything they need to succeed.
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. They believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5 and some extreme value items priced beyond $5 in their incredible Five Beyond shop, Five Below makes it easy to say YES! to the newest, coolest stuff across eight awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy, and New & Now.
Local nail salon based in Menomonie, Wisconsin.
Welcome to the Stout Craft Co. and Broadway Bowl in Menomonie, WI. Located in the Shop’s Off Broadway Mall. They offer a full menu featuring craft burgers, sandwiches, pizzas and appetizers! The Stout Craft Co. has a full service bar with over 18 beers on tap. They have LED TVs, and projection screens giving you ample viewing ability to watch your favorite sports teams. They even offer private sky box rooms for you to host a small party or watch the game with your friends. Do you like pool and darts? Stout Craft Co. has tables and boards and Axe Throwing! Broadway Bowl, located in the same building as the Stout Craft Co., features 20 bowling lanes, with nightly specials and many leagues of all skill sets. From Bowling Tournaments like the 2016 WI Senior Women’s State Tournament, to Major National Act Concerts like Rodney Atkins and Pop Evil, the Stout Craft Co. and Broadway Bowl is your one stop destination for entertainment in Menomonie, WI.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Arts, Entertainment, and Recreation | 17,211 SF | $3.20 | Triple Net | Apr 2033 | |
|
Retailer | 23,200 SF | $5.25 | Triple Net | Jan 2027 | |
|
Transportation and Warehousing | 39,400 SF | $2.25 | Triple Net | Nov 2043 | |
|
Arts, Entertainment, and Recreation | 15,162 SF | $14.84 | Triple Net | Apr 2033 | |
|
Retailer | 10,458 SF | $14.63 | Triple Net | Oct 2035 | |
| Nails Spa | Services | 1,480 SF | $14.79 | Triple Net | Apr 2032 | |
|
Accommodation and Food Services | 22,526 SF | $6.35 | Triple Net | Apr 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1725122813232200080 | Total Assessment | $3,180,200 |
| Land Assessment | $489,400 | Annual Taxes | $65,606 ($0.50/SF) |
| Improvements Assessment | $2,690,800 | Tax Year | 2024 |
PROPERTY TAXES
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Starbucks & McDonald's Shadow Center | 1501-1567 Broadway St N
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