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Rogan's Shoes 3720 Calumet Ave

8,499 SF Retail Building Manitowoc, WI 54220 £670,650 (£79/SF) 7.66% Net Initial Yield

Executive Summary

Freestanding Rogan's Shoes (Recently acquired and Operated by Shoe Carnival). 6+ years remaining on NNN lease. Guaranteed lease by SHOE CARNIVAL (Ticker symbol: SCVL) with a $1.2B Market Cap. Ideal 1031Exchange property. Below Market Rent. Low price / square foot at $100 PSF. Very well located within the Manitowoc market with easy interstate access.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,499 SF
Building Class
C
Year Built
1968
Price
£670,650
Price Per SF
£79
Net Initial Yield
7.66%
NOI
£51,364
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.24 AC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Rogan's Shoes was born when Jack Rogan opened his first retail store in 1971 in Racine Wisconsin. Over the years, his family shoe store concept evolved to include more name brands, larger stores and the largest selection in the Midwest. Although Rogan's Shoes began as a brick and mortar retailer, as the popularity of the internet grew, Rogan's Shoes saw the opportunities presented by the world wide web. Their first web site was launched in 2000 as an informational site to provide customers with store sale information and listings of their store locations. Four years late they entered the e-commerce world with a site designed to sell their merchandise online. With over 10,000 items online, Rogan's Shoes is truly an online family shoe store. They are continually modifying their site to make the shopping process as easy as possible for all of their customers.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

Wells Fargo Bank
Pick 'n Save
Festival Foods
Starbucks
Buffalo Wild Wings
ALDI
Planet Fitness
Jazzercise
Meijer Pharmacy
Woodforest National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
382-012-371
Land Assessment
£246,168
Improvements Assessment
£360,967
Total Assessment
£607,135
  • Listing ID: 33397818

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 3720 Calumet Ave, Manitowoc, WI 54220

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