TEN-X in association with Mid-America Real Estate Corporation and Mid-America Real Estate - Wisconsin, presents the opportunity to acquire Westdayl Plaza located in Baraboo, WI. Please visit the TEN X site for all relevant due diligence by clicking here.
Auction starts September 25, 2017.
Strong Grocery Anchor – Westdayl Plaza is anchored by a 47,385-square-foot Festival Foods, a family- and employee-owned grocer that provides strong drawing power to the center. The retailer recently assumed the lease at the center and extended its term through June 2029.
Value-Add – With an occupancy level of 27%, Westdayl Plaza offers a substantial value-add opportunity for the purchaser to significantly increase the income stream through the lease-up of the currently vacant space. The property will sell at a significant discount to replacement cost.
Good Accessibility and Visibility – Located at the southwest corner of Wisconsin Highway 136 (12,800 VPD) and U.S. Highway 12 (18,700 VPD), Westdayl Plaza benefits from convenient access for local and regional customers. U.S. Highway 12 is a major east-west thoroughfare that runs across the western to southeastern portions of Wisconsin, connecting northwestern Wisconsin to Madison and providing local access to nearby communities. Recently, over 11 miles of U.S. Highway 12, adjacent to the Subject Offering, were reconstructed to accommodate four lanes of traffic thus improving safety and allowing for higher traffic volumes. The project was estimated to cost in excess of $200 million and will wrap up in fall of 2017.