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Virtual Drive-By

Piggly Wiggly NNN

5600 Spring Street · Mt Pleasant, WI 53406 · Specialty Retail

Asking price
$3,840,000
Cap rate
7.80%
NOI
$299,710

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We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining3.8 yrs
Expiration04/2030
Rent bumps—
Options4, 5-Year
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF40,362
Price / SF$95
Year built1975
Lot size5.28 ac
TypeGrocery Store
Days on market18

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Single-Tenant Piggly Wiggly | Triple-Net Lease with Below Market Rents
  • ​26-Year History at this Location, Demonstrating Long-Term Performance
  • ​Site is Over Five-Acres and has 230 Parking Spaces
  • ​Located at the Signalized Intersection of Spring Street and S. Newman Road, Which Sees a Combined Traffic Volume of 26,600 Vehicles per Day
  • ​Strong Community Drivers Including National Retailers, a Large Hospital, and Multiple Schools
  • ​Average Household Income of $106,253 Within a Mile Radius

Property overview

This single-tenant Piggly Wiggly investment offers long-term stability backed by a 26-year operating history and a triple-net lease with four years remaining and four additional five-year renewal options.​ The property sits on over five acres with 230 parking spaces and is priced below replacement cost at $95.14 per square foot.​ Located at a signalized intersection with strong daily traffic, the site benefits from excellent visibility and convenient access through multiple ingress and egress points.​ The surrounding area features powerful demand drivers, including Village Center, Ascension All Saints Hospital, and a strong mix of national retailers such as Kohl's, Festival Foods, Starbucks, and Walmart Neighborhood Market.​ With dense, affluent demographics and more than 69,000 residents within three miles, the property is well positioned for continued long-term performance.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.