monroe pick `n save

Monroe Pick ‘n Save
MONROE, WISCONSIn
Offering Summary
M
AY
Real Estate
Monroe Pick ‘n Save
Exclusive Advisor:
MAY REAL ESTATE LLC
1415 W. 22nd Street, Tower Floor
Oak Brook, IL 60523
630-990-7900
mayre.com
For further information contact:
John May
Chris LaBounty
o 630-990-7979
c 630-379-4500
john@mayre.com
o 630-990-7997
c 630-263-2603
chris@mayre.com
M
AY
Real Estate
Monroe Pick ‘n Save
The mall has a historical and current occupancy of approximately 95%.
Offering and Highlights
May Real Estate LLC has been retained to sell the 100% fee simple
interest in Monroe Pick ‘n Save, Monroe, Green County, Wisconsin.
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Monroe Pick ‘n Save is a 71,682 square foot grocery anchored shopping
center that is located in the heart of the Monroe Retail Trade Zone.
Pick ‘n Save has been at the center since 2004 and has a long term
lease through December 2024. Additional tenants include Verizon,
Jimmy John’s Gourmet Sandwiches, Papa Murphy’s Take ‘N’ Bake
Pizza, Great Clips, Nail Care, Check Into Cash and World Finance
Corporation.
Monroe, Wisconsin is approximately 30 miles south of Madison.
The subject is positioned at the southwest quadrant of 8th Street
and 3rd Avenue – a signalized intersection. There are four points of
ingress/egress.
Leasing velocity at the project is strong. World Finance Corporation is
new to the center within the past year. Nail Care and Verizon recently
signed a 10-year and 5-year lease respectively and are expected to
open soon.
The offering features upside via scheduled rent growth, rolling
tenants to market rental rates and lease-up of the one vacant suite.
The project will trade at a level below replacement cost.
2015 Net Operating Income
$717,732
M
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Real Estate
Monroe Pick ‘n Save
South Central Wisconsin Map
Regional Map
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Real Estate
Monroe Pick ‘n Save
AERIAL
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Real Estate
Monroe Pick ‘n Save
Leasing Plan
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Real Estate