Piggly Wiggly Center Platteville WI — Sale in Platteville, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Platteville, WI 53818

Photos

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Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Anchored by Piggly Wiggly, a tenant of over 25 years with nearly five years of term remaining, the center benefits from exceptional stability and limited competition, with the nearest grocer nearly 10 miles south and a notable void to the north and northeast. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors. The property maintains a highly stable tenant base with a weighted tenure of 18.95 years, including long-term occupants such as Midwest Bank and Papa Murphy’s (over 20 years), Asian Café (21.5 years), Snap Fitness (nearly 18 years), Pioneer Nutrition, and Tundra Tobacco. The center offers a versatile layout with strong fundamentals, ranked #2 for most visited shopping strips within 50 miles (Placer.ai), supported by a fully leased main floor, value-add potential in second-floor office space, five loading docks, 345 parking spaces, and a drive-thru bank pad. Located within walking distance of the University of Wisconsin–Platteville, less than half a mile away with 6,395 students. The property is also surrounded by large apartment communities and two hotels. The area continues to grow, with 8,848 residents and a daytime population of 12,133 within one mile. Investment Highlights: • Anchored by Piggly Wiggly, which has been Operating at this Center for 25-Plus Years and has Nearly Five Years of Term Remaining • Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast • Corporate Lease | Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation's Largest Grocery Distributors; a Supplier to more than 7,500 Independent Supermarkets • Weighted Tenant Tenure of 19.18 Years Across Net Leased Tenants, Demonstrating Exceptional Stability • Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai) • 95 Percent Occupied | Fully Leased Main Floor with Value Add Potentia

Market Context

This retail in Platteville, WI is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Platteville, WI — view the full market.

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