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Piggly Wiggly | NNN | Mt Pleasant 5600 Spring St 40,362 SF Retail Building Racine, WI 53406 $3,840,000 ($95.14/SF) 7.80% Cap Rate

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Investment Highlights

Single-Tenant Piggly Wiggly | Triple-Net Lease with Below Market Rents
Nine-Acre Site with 180 Parking Spaces
Strong Community Drivers Including National Retailers, a Large Hospital, and Multiple Schools

26-Year History at this Location, Demonstrating Long-Term Performance
Located at the Signalized Intersection of Spring Street and S. Newman Road, Which Sees a Combined Traffic Volume of 26,600 Vehicles per Day
Average Household Income of $106,253 Within a Mile Radius

Executive Summary

This single-tenant Piggly Wiggly investment offers long-term stability backed by a 26-year operating history and a triple-net lease with four years remaining and four additional five-year renewal options. The property sits on nine acres with 180 parking spaces and is priced below replacement cost at $95.14 per square foot. Located at a signalized intersection with strong daily traffic, the site benefits from excellent visibility and convenient access through multiple ingress and egress points. The surrounding area features powerful demand drivers, including Village Center, Ascension All Saints Hospital, and a strong mix of national retailers such as Kohl’s, Festival Foods, Starbucks, and Walmart Neighborhood Market. With dense, affluent demographics and more than 69,000 residents within three miles, the property is well positioned for continued long-term performance.

Piggly Wiggly Mount Pleasant_Racine WI Costar Brochure

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

40,362 SF

Building Class

Year Built

1975

Price

$3,840,000

Price Per SF

$95.14

Cap Rate

7.80%

NOI

$299,710

Tenancy

Single

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.10

Lot Size

9.00 AC

Parking

180 Spaces (4.46 Spaces per 1,000 SF Leased)

Frontage

464’ on Spring St

Pylon Sign

Retailer
99,999 SF
$9.99
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Today there are more than 500 Piggly Wiggly® stores serving communities in 18 states. Piggly Wiggly®, LLC’s corporate headquarters are in Keene, N.H. It issues Piggly Wiggly® franchises to qualified independent grocery retailers. The company also provides the retailers with services such as support, marketing programs, and a line of promotional items. Piggly Wiggly®, LLC is an affiliate of C&S Wholesale Grocers, Inc., For over 100 years, C&S has provided first-class warehousing and distribution services to its customers. From more than 50 warehouse facilities throughout the United States, C&S serves some of the largest supermarket chains in the nation. Their corporate offices are located in Keene, N.H.