Shops at Gammon Rd | Shadowed by West Towne Mall
Madison, WI
Price: $5,350,000Cap Rate: Building SF: 13,114Lot Size: 1.04 AcresYear Built: 2013Status: Under Contract

Investment Highlights: 

Shadow Anchored By West Towne Mall  – The center is shadow anchored by West Towne Mall, a 918,912-square-foot high-performing, super regional shopping center featuring 120 specialty stores such as Apple, Athleta, Aveda, Ann Taylor, bareMinerals, J. Crew, Godiva Chocolatier, H&M, Pandora, Pottery Barn, Sephora, and Williams-Sonoma.

Minutes from Downtown Madison – The subject property offers immediate access to Highway 12/14 (63,000 cpd) for quick access to Downtown Madison and nearby Middleton and Verona.

Stabilized 100% Occupied Strip Center – The center is 100% leased by national tenants Complete Nutrition, DXL and Mattress Firm, and features newer leases with staggered lease expirations.

Rent Growth – The leases feature strong rental increases ranging from 2% annually to 10% every 5 years.

Desirable Madison Market – Madison is one of the fastest growing communities in Wisconsin and has won numerous awards including “Healthiest City”, “Best Places to Live”,  “Best Cities for Young Professionals”, and “Best City for Families”.

Strong Economy – Dynamic Growth – Madison has established a strong economy based on healthcare, education, insurance and high-tech businesses. It’s seen unemployment drop to 2.7%, housing demand is at an all-time high, and the area’s dynamic job growth is expected to continue at a rate of 3.8% by 2020.


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