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Virtual Drive-By

Piggly Wiggly Net Multi-tenant

125 E Pine Street · Platteville, WI 53818 · Specialty Retail

Asking price
$6,456,000
Cap rate
8.00%
NOI
$516,549

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Lease

Lease typeNet
Term remaining—
Expiration05/2031
Rent bumpsYes
Optionsyes
Ground leaseNo
Credit profile—
TenancyMulti

Planning a 1031 Exchange

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Property

Building SF81,398
Price / SF$85
Year built1967
Lot size8.67 ac
TypeGrocery Store, Shopping Center
Days on market79

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

  • ​Anchored by Piggly Wiggly, which has been Operating at this Center for 25-Plus Years and has Nearly Five Years of Term Remaining
  • ​Limited Nearby Competition: the Nearest Full-Service Grocer is Nearly 10 Miles south with a Notable Void to the North/Northeast
  • ​Corporate Lease | Piggly Wiggly is a wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation’s Largest Grocery Distributors; a Supplier to more than 7,500 Independent Supermarkets
  • ​Weighted Tenant Tenure of 18.95 Years Across Net Leased Tenants, Demonstrating Exceptional Stability
  • ​Ranked #2 for Most Visited Shopping Strip within a 50 Mile Radius by Visits (Placer.ai)
  • ​95 Percent Occupied | Fully Leased Main Floor with Value Add Potential in the Second Floor Office Spaces
  • ​Less than One-Half Mile from University of Wisconsin–Platteville (6,395 Students, Ranked #12 Top Public Schools, U.S. News)

Property overview

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 MidWestOne Bank and Papa Murphy's (20+ years), Asian Cafe (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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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.