Desirable Madison Grocery Anchored Shopping Center – Maple Grove is anchored by Walgreens and Copps Grocery Store, a wholly owned subsidiary of Kroger Co (S&P BBB).
Stable Occupancy – The center has historically operated at 100% occupancy since opening in 1999.
Walgreens on Separate Parcel – Walgreens is located on its own separate parcel allowing an investor to lower their basis in the shopping center by selling the Walgreens as a single tenant net lease opportunity.
Significant Credit Income – Walgreens and Copps income represents approximately 82% of the center’s gross rent at Maple Grove.
Desirable Madison Market – Madison is one of the fastest growing communities in Wisconsin. Its unemployment rate is at 3.6%, 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.
Dense Trade Area – Affluent Demographics – There are over 130,000 residents within a 5-mile radius of the subject property with an average HH Income over $91,000.