207-433 S Wright St
Delavan, WI 53115
Delavan Plaza · Retail Property For Sale

Delavan Plaza is a 140,382 SF retail center located in Delavan, WI. The property, built in 1989, sits on a 15.47-acre site. Delavan Plaza features a unique value-add opportunity as the property is currently 64% occupied, allowing a buyer to add approximately $364,000 of gross income to the center by leasing-up 52,000 SF of vacant space consisting of three inline spaces and one 39,311 SF endcap anchor position. Delavan Plaza is occupied by a diverse mix of tenants providing discount furniture, sporting, and specialty merchandise uses. The rent roll consists of Dollar Tree, Tractor Supply, Dunham’s Sports, Slumberland Furniture, and O’Reilly Auto Parts. O’Reilly Auto Parts operates on a ground lease (through 2023) on a separate parcel. There is the potential to sell off the outparcel on a single tenant net lease basis, which could provide additional upside for new ownership. Situated at the northeast corner of State Highway 50 and Wright Street, Delavan Plaza benefits from excellent site lines and a signalized intersection providing convenient access for customers. State Highway 50 is a significant four-lane, east-west roadway that has a full interchange.