810 North Monroe Street

Directly across from Waterloo High School in the Piggly Wiggly shopping center.-This is a great opportunity to acquire a ~28,000sf 3 unit grocery-anchored NNN leased retail shopping center on 3.7 acres occupied by Perry's Piggly Wiggly, an established operator with stores in the Cambridge, Edgerton, Cottage Grove, and Waterloo markets. This property at 810 N. Monroe St. is highly visible along Waterloo’s main street directly across from Waterloo High School. -The Piggly Wiggly suite is 20,000sf with a loading dock. The 5,400sf vacant suite has an exterior loading area and the 2,595sf vacant suite is finished office/retail space and they could be easily combined. The tenant in the 2,595sf suite is paying rent and utilities through July 2027 but isn’t occupying the space. -The property is priced at a 7.48% cap rate based on income from Piggly Wiggly and the 2,595sf suite, leaving value to be added from leasing the vacant 5,400sf suite. Piggly Wiggly just signed a 5 year NNN lease through September 30, 2031 with 20 years of renewal options.~5,400-7,800sf retail suite located in a busy Piggly Wiggly anchored shopping center across from Waterloo High School. The ~5,400sf suite is currently wide open with a back area that has 2 restrooms, 1 office, a storage space, and access to an exterior loading dock with a dock plate through the double doors. Another ~2,400sf suite that used to be a part of this larger suite can also be leased. That suite was built out for a pharmacy that's no longer operating. There is a brand new HVAC unit and the rest of the space is ready for a build out. Building signage and space on the large monument sign is also available. Building will also be for sale soon.