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- LoopNet Team
114 S Main St
Verona, WI 53593
Goodwill · Retail Property For Sale
Investment Highlights
- Affluent Madison, WI suburb
- Spring 2020 renovation -- exterior facade and interior remodel
- New 10-year lease w/minimal LL responsibilities (See page 7 for breakdown)
- Extremely strong demographics -- over 31,000 residents and an average household income of $115,057 in a 3-mile radius
PROPERTY FACTS
Amenities
- Signage
About 114 S Main St , Verona, WI 53593
CAPITAL PACIFIC is pleased to present the opportunity to acquire Goodwill in Verona, WI (Madison MSA). The subject property is newly renovated and features a 10-year corporate net lease with rental increases in the base term and at each option period. The tenant, Goodwill Industries of South Central Wisconsin, Inc., is very selective in its locations -- it pays low rents and only opened 1 store every 4 years over the last half century of operating in Wisconsin. THE PROPERTY features substantial frontage along Main Street, which runs perpendicular to Verona Avenue, a major thoroughfare through Verona. The property benefits from daily traffic of nearly 24,000 VPD passing the store. Within the trade area there are a number of office & industrial parks that drive traffic to Verona. Most notably that of Epic Systems Corp, whose headquarters are situated on a 1,100 acre campus that encompasses 25 buildings and almost 10,000 employees.
PROPERTY TAXES
| Parcel Number | 0608-153-6137-2 | Improvements Assessment | £1,721,117 |
| Land Assessment | £243,538 | Total Assessment | £1,964,655 |
PROPERTY TAXES
