1140 S 30th St

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1140 S 30th St

Manitowoc, WI 54220
Asking Price
$9.51M
Cap Rate
8.25%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

Retail | 8.25% CAP | 110,266 SqFt <ul><li>​100% Occupied, 110,266 SF Community Shopping Center Offering with 6.63 Yr WALT</li><li>​3 Separate Buildings in Offering - Free Standing Hobby Lobby, 2-Tenant Outparcel Strip, 60,000 SF Neighborhood Center</li><li>​Anchored by Hobby Lobby (41% of GLA) - Tenant Since 2005; Recent 10 Yr Renewal; Cheap $3.25/SF NNN Rent</li><li>​Mark to Market Opportunity - Average In-Place Rent of $7.87/SF</li><li>​Durable, Tenured Rent Roll - 60% of Tenants in Place for 20+ Years</li><li>​4,831 SF 2-Tena

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NOI
$80,000
Cap Rate
0.84%
DSCR
0.14
Underwater
Cash-on-Cash
-16.99%
Monthly Payment
$47,050.291
Annual Cash Flow
$-484,603.494

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