October 27, 2022 – Jason Woods of Horvath & Tremblay has successfully completed the sale of a Cousins Subs in Green Bay, Wisconsin. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,559,633.
Cousins Subs is located at 2410 E Mason Street in Green Bay, Wisconsin. The new construction Cousins Subs features a 10-year Absolute NNN lease with four (4), 5-year renewal options. Both the initial term and renewal terms include an attractive 10% rent increase every five years. The Cousins Subs lease is corporate guaranteed. The new construction building consists of a 2,413 SF footprint plus a 450 SF patio with cross parking with the neighboring Chipotle and Petco. The site is an outparcel to East Town Mall which features Kohl’s, Hobby Lobby, Aldi, Noodles & Company, Panera, McDonald’s, T-Mobile, PetSmart, Marshalls, Ross, and many other national names. This is a desirable retail corridor with new construction taking place in all directions. Panera, Chipotle, and Cousins Subs all just recently opened. There are 27,238 vehicles passing the site daily with signalized access into the shopping center. This outparcel is at the only signalized entrance to the center off of E Mason Street.
Investment Real Estate Brokerage firms in 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.