Prairie Square Center | Shadow Anchored by Walmart Supercenter
Madision, WI (Sun Prairie)
Price: $6,660,000Cap Rate: Building SF: 41,018 SFLot Size: 5.465 AcresYear Built: 1995; Exp 2006; Ren 2014Status: Closed

Investment Highlights: 

Stabilized High Performing Retail Center – Strong Tenant Mix  – The property features an excellent tenant mix of recognized retailers including Dollar Tree, H&R Block, Papa Murphy’s, Anytime Fitness, Great Clips, Mango Factory, and Goodwill Industries.

Shadow Anchored by Walmart Supercenter – Retail Synergy  – The center is shadow anchored by a newly renovated, larger format Walmart SuperCenter (146,346 SF), offering excellent retail synergy and driving consistent traffic to the site. In addition, the center benefits from a strong retail synergy with neighboring retailers including Taco Bell, Lumber Liquidators, BP, Summit Credit Union, Culver’s, Domino’s Pizza, Napa Auto Parts, and more.

Staggered Rent Increases & Lease Expirations – Strong Rent Growth – Strong rent increases and staggered lease expirations provide an investor with long-term stability and solid rent growth, making the center a highly desirable investment.

Located Along Major Retail/Commuter Corridor – Excellent Visibility & Signage – The property is located along Main Street, just off of Highway 151. Providing quick access to Madison, U.S. Highway 151 has 3 interchanges to Sun Prairie with Interstates 90 / 94 / 39 connecting just south of the property which is Sun Prairie’s main retail corridor and the major artery to the downtown area. The property’s visibility to Highway 151 offers outstanding signage to 44,000 cars per day.

Affluent Demographics – Growing Economy – There are nearly 52,000 people within a 5-mile radius of the property with an average household income of nearly $81,000. Sun Prairie has seen steady residential, commercial and economic growth the last five years. As of December 2016, Sun Prairie had the 2nd lowest unemployment rate in the State of Wisconsin of just 2.6%, outpacing the state average of 4.1%.

Close Proximity to Downtown Madison, Regional Airport & University of Wisconsin  – Sun Prairie is the second most populous city in Dane County, and one of the fastest growing cities in Wisconsin. Its location offers quick access to Downtown Madison (just 12 miles away via US Highway 151 to Interstates 39/90 and 94), and ideal proximity to Dane County Regional Airport and The University of Wisconsin.


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