- Absolute Net Lease- No Landlord Responsibilities
- Corporate Guarantee (Piggly Wiggly Midwest)
- Over Five Years Remaining On Extended Term
- Over 25 Years Of Operating History At This Location (Since 1990)
- Extremely Low Rent-To-Sales Ratio
- Shadow Anchored by Walmart (Not A Supercenter)
- One – Five Year Option Remaining
The investment consists of a 18,040 square foot, single tenant grocery store operating as a Piggly Wiggly.This was a build-to-suit location for them back in 1989 when the building was first built. The tenant is currently on their first option period (after their initial 20 year lease) with their second option just exercised. They have over five years remaining (10/31/2020) on their extended term. This Piggly Wiggly’s lease is structured as an Absolute NNN lease, they are responsible for all expenses associated with the property leaving the landlord with zero responsibility.
This store has excellent sales for such a small footprint. With Piggly Wiggly only paying $5.25 per square foot in rent, it puts them into a very successful rent to sales ratio (1.50%).
New London is located on the border of Waupaca and Outagamie counties in central Wisconsin. We are conveniently located near the Fox Valley region just 20 miles NW of Appleton, 39 miles W-SW of Green Bay, and 35 miles N of Oshkosh.
This Piggly Wiggly is located in New London’s main retail market. It is shadow anchored by Walmart (non supercenter). Piggly Wiggly is the dominate grocer in the area. Some retail located near the property includes, Advance Auto Parts, Cash Store, Cost Cutters, Taco Bell, McDonald’s and more.