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2209-2215 80th St
Kenosha, WI 53143
Ollie's & Family Dollar Anchored Center · Retail Property For Sale
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 $93.79 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 $93.79 per square foot, the asset is significantly below replacement cost and positioned for long-term stability & growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
52,172 SF
Building Class
C
Year Built
1977
Price
$4,700,000
Price Per SF
$90.09
Cap Rate
9.02%
NOI
$424,000
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
Property Taxes
| Parcel Number | 04-122-12-401-006 | Improvements Assessment | $4,344,300 |
| Land Assessment | $646,500 | Total Assessment | $4,990,800 |
Property Taxes
Parcel Number
04-122-12-401-006
Land Assessment
$646,500
Improvements Assessment
$4,344,300
Total Assessment
$4,990,800
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