Medford Plaza | Grocery Anchored
Medford, WI
Price: $3,200,000Cap Rate: Building SF: 156,605 SFLot Size: 16.75 AcresYear Built: 1988/New Roof 2003 & 2005Status: Closed

Investment Highlights: 

Grocery Anchored Shopping Center – Commitment to the Site  – The Center is anchored by a County Market grocery store. County Market is a community retail supermarket serving the Medford and surrounding areas. It is part of the Medford Cooperative, a progressive cooperative with over 15,000 stockholders spanning 11 counties in North Central Wisconsin. County Market has operated successfully at this location since 1989. They have 6+ years remaining on their lease and completed a 7,500 SF expansion at their own cost several years ago, showing a commitment to this location.

Long Operating Histories – The tenants in the center have long operating histories at this location:  Manpower Staffing has been operating here for 19 years; Cost Cutters has been in operation here for 15 years; County Market has operated at this location for nearly 29 years and has (3) 5-year options to renew.

Opportunity to Redevelop a Vacant KMart – KMart’s lease expires in May of this year. The 86,479-square-foot KMart building offers an investor a huge opportunity to redevelop the space and benefit from the lease-up.

Excellent Visibility and Access – Strong Retail Synergy – The property is located near the hard corner signalized intersection of S. 8th Avenue and WI-SR 64 (14,000 cars per day) with left-right turn access into the property via S. 8th Avenue, which is the main retail/commuter artery in/out of downtown Medford. This location offers excellent retail synergy with nearby neighbors including McDonald’s, Family Dollar, Hardee’s, Forward Financial Bank, Subway, KFC, and Walmart Supercenter.

Strong Area Employers – The Medford region is supported by strong healthcare, industrial, and manufacturing economies, and its daily population nearly doubles  with the influx of workers, government personnel, students, and shoppers. Major Manufacturing employers in the area include Fastenal, Weather Shield Windows & Doors, Northern Lites Snowshoes, and Sierra Pacific Windows (formerly Hurd Windows).

Located in Medford: Region’s Industrial Hub – Local Population Doubles Daily with Influx of Workers – Medford is known as the industrial hub of the area with strong industrial and manufacturing sectors. These industries provide over 6,700 jobs in the city, doubling the city’s local population each day with an influx of office, retail and factory workers, government personnel, students and shoppers. 


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977