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Walmart Supercenter - Monona, Wisconsin

Dane County, WI

PROPERTY INFORMATION

Lease type: NNN Ground
Building area: 203,393 SF
Total lot size: 13 Acres
Year built: 2007
Year sold: 2015
  • STRONG REAL ESTATE FUNDAMENTALS

The property features a raised foundation that allows for parking underneath the building. This is a huge advantage in Wisconsin, where snowy weather may normally deter shoppers. Underground parking allows shoppers to park and enter the store without setting foot outside, improving the store’s sales during the wintertime.

  • PROPERTY FEATURES BELOW MARKET RENT of $2.46 per square foot annually.
     
  • FAR BELOW REPLACEMENT COSTS - Walmart invested in substantial property improvement costs, including the cost of constructing the building and the high-priced underground parking addition.
     
  • ACCESS AND VISIBILITY - The property features excellent ingress and egress from three sides of the building, and prime visibility from the main thoroughfare through town and from Highway 18.
     
  • ONE OF THREE WALMARTS - The subject property is one (1) of three (3) Walmart’s located in Madison, which supports an MSA of 568,593 people.
     
  • GROWING DEMOGRAPHICS There are 161,986 residents located within the five (5) mile demographic ring, which is projected to grow at an annual rate of 3.81% for the next five (5) years.
     
  • STRONG TRAFFIC COUNTS The property is located on the corner of Royal Avenue and Industrial Drive, which reports traffic counts of 16,600 cars per day. Additionally it’s highly visible from Hwy 18 which reports 126,000 cars per day.
     
  • STRATEGIC RETAIL LOCATION

Madison is located in the south central region of Wisconsin between two of Wisconsin’s natural bodies of water. The city is the second largest city and state capital, which is home to a population of over 243,000 residents.

It is also considered a part of Madison’s Metropolitan Statistical Area of over 568,000 residents.

Monona is located in the midst of several major road ways with Interstate 51 running along its eastern border and Interstate 18 through the center of it boundaries. It is also a short distance from Highway 39 and Highway 94 to the east and north.

Located in the center of one of Wisconsin’s largest MSA’s, Monona boasts an unemployment rate of just 3.8% with a projected growth of 1.2% over the next year. This adds to the community’s daytime working population of over 11,700. The city has a well-planned community, which balances residential lifestyles with a nurturing and strong commercial businesses culture.

Walmart’s distance from The University of Wisconsin, Madison – 4.7 miles.

  • EXCELLENT MADISON DEMOGRAPHICS

Many businesses are attracted to Madison’s skill base, taking advantage of the area’s high level of education. Nearly 50% of Madison’s population over the age of 25 hold at least a bachelor’s degree, making it one of the most educated populations in the country.

The city has also been ranked on Forbes highest percentage of individuals holding Ph.D.’s in the United States and made the ranks of 200 metro areas for “Best Places for Business and Careers.”

Madison has also been named in Forbes Ten Best Cities several times within the past decade.

Due to the low unemployment rate and endless opportunities, the city of Madison has frequently been ranked on America’s top places to live.

Madison is home to the University of Wisconsin–Madison, Edgewood College, Madison Area Technical College, and Madison Media Institute, giving the city a post-secondary student population of nearly 50,000. 




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