May 24, 2022 – Matt Nadler and Matt Siebert of Horvath & Tremblay have successfully completed the sale of Marshalls in West Bend, Wisconsin. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,275,000.
Marshalls is located at 840 W Paradise Drive in West Bend, Wisconsin. The Property is comprised of a 46,000 square foot two-tenant retail building. Marshalls occupies 26,000 square feet (56.5%) of the Property and has 4+ years remaining on their double-net lease with three (3), 5-year renewal options. The remaining 20,000 square feet in the building is currently vacant and offers significant upside through lease-up. The Marshalls lease calls for an attractive 12.5% rent increase at the start of their first renewal option, a 5.6% increase the start of their second renewal option, and a 5.3% increase at the start of their third renewal option. The Property is located inside of a large regional shopping center that is leased to Home Depot, Petco and Anytime Fitness and features four (4) pad sites that are leased to Texas Roadhouse, Arby’s, Wendy’s and Chase Bank. The Property is positioned in the heart of West Bend’s commercial district and is adjacent to the signalized intersection of W Paradise Road and US Route 45, and W Paradise Road and S Main Street, the area’s two primary commercial corridors.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.