November 12, 2021 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a Starbucks Retail Center in Kenosha, Wisconsin. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,472,180.
The Starbucks Retail Center is located at 3910 75th Street in Kenosha, Wisconsin. The property is a two (2) tenant retail center of 3,138 square feet on a 0.33-acre lot, with 100% occupancy and a weighted average lease term of over 5 years. The tenants at the property are Starbucks and TitleMax, both internet-resistant tenants. Starbucks also benefits from a drive-thru and outdoor seating, and overall, the property is well maintained. The property is situated at the five-way intersection of Highway 50 (75th Street) & 39th Avenue, with traffic counts of 37,800. Nearby tenants drawing traffic to the area include Piggly Wiggly, McDonald’s, Planet Fitness, Popeye’s, Wendy’s Dunkin’, and Little Caesar’s. Over 123,000 people live within a five-mile radius of the property, with an average household income of $78,619. Kenosha is located between Chicago and Milwaukee, and is part of the Chicago MSA.
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.