Retail
Under Contract

Plaza 50

5710 75th St, Kenosha, WI, 53142-3635, US

Plaza 50_Property for Sale

Gallery

Plaza 50 2_Property for Sale

Asset description

Address: 5710 75th St, Kenosha, WI


Property Size: 201,220 SF


Anchors: Pick'n Save, Burlington, ROSS, Marshalls, Arbys, Athletico & Jersey Mikes


Occupancy: 100%


Year Built: 1980


Weighted Average Lease Term: 5.7 Years


​​​​​​​Weighted Average Tenure: 14 Years

Attributes

Building area Net
201,220 sf
Occupancy
100.00%
Year built
1980

Investment highlights

​​​​​​​HIGH PERFORMING GROCER ANCHOR WITH RECENT EXTENSION

  • Pick N Save (Kroger) recently extended lease through 2031
  • 38% of In-Place Income
  • Sales Increase of 30% since 2019
  • 18 Year Operating History



OUTLOT BIFURCATION OPPORTUNITY:

  • 6 separate tax parcels allow for Flexible Exit Strategies
  • Pick N Save and Arby’s (Ground Lease) are separately parceled



DURABLE INCOME FROM NATIONAL CREDIT TENANCY

  • 77% of Income National Tenancy
  • 54% Investment Grade Tenancy
  • Anchors: Pick N Save, Burlington, Ross, Marshalls & Arby’s
  • Comprise 70% of In-Place Income
  • 14 Years of Weighted Average Tenure at Plaza 50
  • 5.7 WALT
  • Ideal 67% / 33% Anchor-to-Shop Space Distribution



OFFERED FREE & CLEAR TO THE MARKET FOR FIRST TIME

Plaza 50 4_Property for Sale
Plaza 50 4_Property for Sale

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Last updated
Nov 30, 2022