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Ollie's & Family Dollar Anchored Center 2209-2215 80th St 52,172 SF 94% Leased Retail Building Kenosha, WI 53143 $4,970,000 ($95.26/SF) 8.37% Cap Rate
Investment Highlights
- Ollie’s Bargain Outlet and Family Dollar anchored center | Shadow-anchored by CVS
- New 10-year Ollie’s lease commenced May 2024 | 20-year roof warranty for Ollie’s began fall of 2021
- Significantly below replacement cost at $95.30 per square foot
- Family Dollar recently exercised a 5-year extension, adding to its 25-year history at the site
- Long operating tenants: Family Dollar has been operating at this location since 1999, Cost Cutters since 1985, & Huntington Bank since 2010
- High performing Huntington Bank location | Bank features a drive-thru adding value and flexibility
Executive Summary
This Ollie’s Bargain Outlet and Family Dollar–anchored center is shadow-anchored by CVS and features a strong mix of national and long-standing tenants, with most operating on net leases with scheduled rental increases. Family Dollar extended its 25-year history at the site by an additional 5 years, while Ollie’s commenced a 10-year lease in May 2024; two additional leases were executed in 2025. The property benefits from high visibility at the signalized hard-corner intersection of 80th Street and 22nd Avenue, with nearly 900 feet of frontage and eight points of ingress/egress. Surrounding demand drivers include schools, major corporations, a hospital, and national retailers. The area is densely populated with over 75,000 residents within three miles. Offered at $95.26 per square foot, the asset is significantly below replacement cost and positioned for long-term stability & growth.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,172 SF
Building Class
C
Year Built
1977
Price
$4,970,000
Price Per SF
$95.26
Cap Rate
8.37%
NOI
$415,925
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
4.31 AC
Zoning
B-2 - B-2 Community Business District. Allows for a number of commercial uses.
Parking
154 Spaces (2.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Junior Suites available in well located busy shopping center anchored by CVS and Ollie's. Great visibility and parking onsite.
Junior Suites available in well located busy shopping center anchored by CVS and Ollie's. Great visibility and parking onsite.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,100 SF | Retail | In-Line | Now |
| 1st Floor | 1,800 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,100 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Junior Suites available in well located busy shopping center anchored by CVS and Ollie's. Great visibility and parking onsite.
1st Floor
| Size | 1,800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Junior Suites available in well located busy shopping center anchored by CVS and Ollie's. Great visibility and parking onsite.
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-122-12-401-006 | Improvements Assessment | $2,091,900 |
| Land Assessment | $646,500 | Total Assessment | $2,738,400 |
Property Taxes
Parcel Number
04-122-12-401-006
Land Assessment
$646,500
Improvements Assessment
$2,091,900
Total Assessment
$2,738,400
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Ollie's & Family Dollar Anchored Center | 2209-2215 80th St
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