Fully Leased Retail Building | For Sale
Overview
Offered at $1,400,000 (9 % cap rate), this 10,000 SF retail/service building on 0.95 acres is an exceptional investment opportunity in Portage’s most active commercial corridor. The property is fully leased to two established tenants, providing stable income in a location poised for continued growth.
Highlights
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Fully leased to established tenants: Rent-to-own retailer and nail spa
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Lot size: 0.95 acres (adjacent corner sold to Dunkin’/Baskin-Robbins, under development with drive-through)
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Prime retail corridor with Walmart, ALDI, Festival Foods, Kwik Trip, Runnings, Arby's, Shopko Optical and other national retailers
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High traffic counts and excellent visibility from New Pinery Road
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Built 1994, with ample parking (5/1,000 ratio) and strong curb appeal
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Asking Price: $1,400,000 | Cap Rate: 9 %
Market & Growth Drivers
Portage (pop. ~10,400, median household income ~$62,800) is a growing regional hub that attracts both local shoppers and commuter traffic. The addition of Dunkin’/Baskin-Robbins next door highlights the strength of this corridor and reinforces long-term value for investors.
Investment Outlook
At a 9 % cap rate with stable tenancy, this property provides immediate returns and long-term upside potential. Positioned in the heart of Portage’s expanding retail core, it’s a rare chance to own a fully occupied asset with strong co-tenancy momentum.
