Shoppes at Platteville | Shadow Anchored by Super Walmart and Menards
Platteville, WI
Price: $3,275,000Cap Rate: 7.50%Building SF: 19,301 SFLot Size: 1.965 AcresYear Built: 2008Status: Available

Investment Highlights: 

100% Leased Retail Investment – Strong National Tenants – Original Tenants Since 2008– The subject property is 100% leased to national tenants Dollar Tree (NASDAQ: DLTR; S&P: BB+), BeMobile/Verizon Wireless, Hibbett Sports, and Maurices. All of the current retailers have operated successfully at this location since the building was constructed in 2008 and have extended their leases multiple times.

Shadow Anchored by Walmart Supercenter & Menards – High Performing Location  – The center is shadow anchored by a Walmart Supercenter and Menards, offering excellent retail synergy and driving consistent traffic flow to the subject property. All four tenants have operated successfully at this location since it was built in 2008 and have exercised their renewal options at least once. Dollar Tree just extended their lease for another 5 years showing their commitment to this site. This Maurices location is one of the highest performing stores in their system, performing well above their national average.

Excellent Acess, Visibility & Signage to WI State Hwy 151/Dubuque Rd  – The property is located just off the on/off ramp to WI State Highway 151 along Dubuque Road, which is one of the main retail arteries in Platteville and daily traffic counts of over 10,000 cars per day.

Excellent Retail Synergy Within the Trade Area – The Shoppes at Platteville benefit from a retail synergy with neighboring retailers in the trade are which include McDonald’s, Sherwin-Williams, Burger King, Goodwill, Benvenuto’s Restaurant, Blain’s Farm & Fleet, Ubersox Chrysler Dodge Jeep Ram, ALDI, Mobil, Millennium Cinema, and Wisconsin Bank & Trust.

Home of the University of Wisconsin-Platteville (8,600 Students) – Close Proximity to Downtown Dubuque, IA & Other Major Cities – Platteville is home to the University of Wisconsin-Platteville, a comprehensive, four-year public institution of higher education. UW-Platteville is the fastest growing school in the UW System, with current enrollment over 8,600 students and faculty/staff of over 750.  Known as the “Gateway of Southwest Wisconsin”, Platteville is located just 20 minutes northeast of Dubuque, Iowa, an hour west of Madison, Wisconsin, and three and a half hours northwest of Chicago, Illinois.

Diverse Economy – 12% Growth from 2000-2010 – Largest City in Grant County  – Platteville has a diverse economy in the software/technology, healthcare, manufacturing, and education industries, with top employers such as UW Platteville, Heartland Health Care Nursing Home, Southwest Health Medical Center, Esterline Avista, HyPro, and Southwest Logistics. Its proximity to UW-Platteville has attributed to its 12% growth from 2000-2010, making it the largest city in Grant County with a population over 12,000.


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