Hometown Shoppes
Verona, WI (Madison MSA)
Price: $2,660,000Cap Rate: Building SF: 8,620 SFLot Size: 1.004 AcresYear Built: 2014Status:
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Investment Highlights:

Stabilized 100% Occupied Strip Center with Corporate Guarantees – The property consists of 80% national tenants with staggered lease expirations, offering stabilized cash flow with no immediate near term tenant roll-over. All leases feature Corporate as well as personal guarantees.

Excellent Rent Growth -The leases feature strong rental increases ranging from 2%-2.5% annually, providing a hedge against inflation.

Major Retail Corridor – The site is shadow anchored by Blain’s Farm & Fleet, a specialty discount store with 36 locations throughout Wisconsin, Illinois and Iowa. Other neighbors include McDonald’s, DQ, Taco Bell, Culver’s, Cost Cutters, Walgreens, Ace Hardware, Heartland Credit Union, Subway, Anchor Bank, and more.

Growing Area – Home of Epic Systems -Verona’s population has nearly tripled in the past 15 years, making it one of Wisconsin’s fastest growing communities. It has been the home of Epic Systems, the dominant electronic health records software company in the U.S., since the mid-2000s when Epic moved from nearby Madison to build its campus headquarters on 340 acres within the city’s limits.

Excellent Demographics – Verona’s unemployment rate is at 3.80%, with future job growth over the next 10 years predicted to be 38.60%.  The average household income is over $90,000 within a 3-mile radius of the property.

Ryan Barr

O. 760.448.2446
F. 760.929.9977

Ryan Bennett

O. 760.448.2449
F. 760.929.9977