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Investment Highlights

  • Top Wisconsin Grocer Renewing Commitment to the Center
  • Below Market Rents Provide Mark-to-Market Opportunities:
  • Impressive Tenant Mix with Brand Recognition and Consistent Tenancy
  • Target Shadow Anchor and Costco Proximity Provides Consistent Traffic
  • Historic City with Consistent Tourist Traffic
  • Explosive Monroe Road Commercial Corridor Development Growth

Executive Summary

Bellevue Town Center offers investors the opportunity to acquire a fully leased, grocery-anchored neighborhood center with durable in-place income and embedded NOI growth in an established retail corridor in Green Bay, WI. The Property is anchored by Pick ‘n Save, a Kroger-affiliated grocer with an approximately 24-year operating history at the center. The tenant is finalizing a 10-year lease extension through 2036, reinforcing long-term income stability and continued anchor tenancy. The Center benefits from below-market in-place shop rents, averaging $23.57 PSF compared to approximately $27.00 PSF for comparable product, providing a clear path to organic NOI growth through lease rollover. This mark-to-market opportunity is supported by strong corridor fundamentals, national co-tenancy, and consistent consumer traffic.
Strategically positioned along Monroe Road and Lime Kiln Road, a dominant retail spine in the Green Bay market, the Property benefits from approximately 29,700 vehicles per day and is shadow-anchored by Target (1.6M annual visits) and within close proximity to Costco (2.7M annual visits), driving sustained customer flow and tenant demand.
The offering combines stable, grocery-anchored cash flow, defensible tenancy, and measurable rent upside, supported by ongoing retail and employment growth within the surrounding trade area.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
74,220 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2004
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
13.30 AC
Zoning
PDD - PDD - Planned Development District
Parking
425 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
657’ on Lime Kiln Rd

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • ArcPoint Labs
  • -
  • 1,400 SF
  • -
  • -
  • Jul 2030
  • Services
  • 1,400 SF
  • -
  • -
  • Jan 2027

Cost Cutters began in the 1980s as a family haircare concept created by Joe Francis in Minnesota. The company offers haircuts for men and women, styling, color, perms, conditioning treatments, waxing, special-event looks, online check-in, rewards, gift cards, and professional haircare products. Cost Cutters operates as part of Regis Corporation's salon portfolio and serves customers across the United States through franchise and company salon locations.

  • Educational Services
  • 1,350 SF
  • -
  • -
  • Nov 2028

Mathnasium's instructional approach goes beyond traditional math tutoring. The Mathnasium Method™ transforms the way kids understand and appreciate math, which in turn builds their confidence and their love of learning. Their mission is to teach children math so they understand it, master it, and love it. Math can change their lives, and they can change the world. Children are not hardwired to be good or bad at math. With the right materials, the right instruction, and the right support, any child can learn, enjoy, and thrive in math. There’s nothing better than a well-trained, enthusiastic, and compassionate instructor providing face-to-face instruction to support each child exactly where they need it most. Learning math and solving math problems are fundamentally stimulating, rewarding, and fun activities. Although math mastery is a serious subject, they know how to keep the process fun.

  • Accommodation and Food Services
  • 1,400 SF
  • -
  • Modified Gross
  • Mar 2029

Panda House is one of the finest restaurants in Bellevue WI 54311. They not only offer amazing food but also serve it in a pleasant atmosphere that'll have you coming back for more. Their talented, experienced chefs create amazing dishes using fresh ingredients. Exotic sauces and flavors intermingle on your plate, and the hot, tangy aromas waft up to meet your nose, creating an exciting taste journey you can experience only in their restaurant.

  • Retailer
  • 64,470 SF
  • -
  • Triple Net
  • Dec 2036

Pick ’n Save is a supermarket chain headquartered in Milwaukee, Wisconsin, operating primarily throughout the state. The brand was introduced in 1975 by Roundy’s Inc., a grocery wholesaler founded in 1872. Pick ’n Save became a leading banner under Roundy’s, which was acquired by Kroger in 2015. Today, Pick ’n Save offers a full range of grocery products, including fresh produce, meat, dairy, bakery, and pharmacy services. The chain emphasizes convenience through in-store shopping, curbside pickup, and delivery options. With over 75 locations across Wisconsin, Pick ’n Save serves as a key component of Kroger’s Midwest operations. The company operates as part of Kroger Co. (NYSE: KR), one of the largest grocery retailers in the United States.

  • Sally Beauty
  • Retailer
  • 1,400 SF
  • -
  • -
  • Jan 2029
  • The Oilerie
  • Retailer
  • 1,400 SF
  • -
  • -
  • Jun 2029
  • World Nail & Spa
  • Services
  • 1,400 SF
  • -
  • -
  • Mar 2029

Local nail salon and spa of Green Bay Wisconsin, offering clients nail products and services.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
ArcPoint Labs - 1,400 SF - - Jul 2030
Services 1,400 SF - - Jan 2027
Educational Services 1,350 SF - - Nov 2028
Accommodation and Food Services 1,400 SF - Modified Gross Mar 2029
Retailer 64,470 SF - Triple Net Dec 2036
Sally Beauty Retailer 1,400 SF - - Jan 2029
The Oilerie Retailer 1,400 SF - - Jun 2029
World Nail & Spa Services 1,400 SF - - Mar 2029
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Nearby Major Retailers

Jazzercise
Starbucks
7 Brew Coffee
Nicolet National Bank
BMO
Buffalo Wild Wings

Property Taxes

Property Taxes

Parcel Number
B-278-10
Land Assessment
$5,147,553 CAD
Improvements Assessment
$13,804,549 CAD
Total Assessment
$18,952,101 CAD
  • Listing ID: 40958695

  • Date on Market: 2026-06-17

  • Last Updated:

  • Address: 2064 Lime Kiln Rd, Green Bay, WI 54311

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