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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
  • Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation’s Largest Grocery Distributors
  • Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai)
  • Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast
  • Weighted Tenant Tenure of 18.95 Years Across Net Leased Tenants, Demonstrating Exceptional Stability
  • 95 Percent Occupied | Fully Leased Main Floor with Value Add Potential in the Second Floor Office Spaces

Executive Summary

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.

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Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
81,398 SF
Building Class
C
Year Built/Renovated
1967/2006
Price
$9,391,526 CAD
Price Per SF
$115.38 CAD
Cap Rate
7.50%
NOI
$704,397 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
8.67 AC
Opportunity Zone
Yes
Zoning
B2
Parking
345 Spaces (4.24 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Snap Fitness
Old National Bank
Anytime Fitness
Country Kitchen

Property Taxes

Property Taxes

Parcel Number
271-00615-0000
Land Assessment
$815,196 CAD
Improvements Assessment
$5,462,140 CAD
Total Assessment
$6,277,336 CAD
  • Listing ID: 40452999

  • Date on Market: 2026-05-08

  • Last Updated:

  • Address: 130-300 McGregor Plz, Platteville, WI 53818

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