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Shopping Strip

Rapids Plaza

4551 8th St S, Wisconsin Rapids, WI 54494

Listing Price: $3,251,000

Cap Rate
7.75%
Gross SF
16,620
Rentable SF
16,620
Price/Gross SF
$195.61
Lot Size
1.52 acres
Year Built
2003

Investment Overview

Fully Occupied Multi-Tenant Retail Center | Walmart Shadow-Anchored

Rapids Plaza offers investors the chance to acquire a 100 percent occupied retail center in the heart of Wisconsin Rapids’ primary retail corridor. Located on a prime hard corner with high traffic counts, the center benefits from Walmart shadow-anchoring, long-term tenancy, and recent capital improvements.

Investment Highlights
• 100 Percent Occupied – Strong tenancy with 95.9 Percent Retail Occupancy in the Market
• Recent Leasing Momentum – Shopko Optical Expanded in 2025; Jackson Hewitt Signed New Five-Year Lease
• Long-Term Tenancy – I Spoon In Place for Over 20 Years; Diverse National and Regional Tenant Mix
• Capital Improvements – Brand-New Roof and Six New HVAC Units Installed Fall 2025
• Prime Location – 20,251 Vehicles per Day, Excellent Visibility, Multiple Ingress/Egress Points
• Triple-Net Leases – Minimal Landlord Responsibilities, Management/Admin Reimbursed

Rapids Plaza combines stable cash flow with long-term upside potential, making it an attractive investment in a growing market.

Investment Highlights

  • 100 Percent Occupied, Shadow-Anchored by Walmart – 95.9 Percent Retail Occupancy in the Market
  • Recent Leasing Activity – Shopko Optical Expanded in 2025; Jackson Hewitt Signed New Five-Year Lease
  • Major Capital Improvements – Brand-New Roof and Six New HVAC Units in Fall 2025
  • Prime Corner Location – Excellent Visibility with 20,251 Vehicles per Day and Multiple Ingress/Egress Points
  • Triple-Net Leases – Minimal Landlord Responsibilities, Management/Admin Reimbursed

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Strip

Rapids Plaza

Listing Price: $3,251,000

Cap Rate
7.75%
Gross SF
16,620
Rentable SF
16,620
Price/Gross SF
$195.61
Lot Size
1.52 acres
Year Built
2003

Investment Highlights

  • 100 Percent Occupied, Shadow-Anchored by Walmart – 95.9 Percent Retail Occupancy in the Market
  • Recent Leasing Activity – Shopko Optical Expanded in 2025; Jackson Hewitt Signed New Five-Year Lease
  • Major Capital Improvements – Brand-New Roof and Six New HVAC Units in Fall 2025
  • Prime Corner Location – Excellent Visibility with 20,251 Vehicles per Day and Multiple Ingress/Egress Points
  • Triple-Net Leases – Minimal Landlord Responsibilities, Management/Admin Reimbursed

Investment Overview

Fully Occupied Multi-Tenant Retail Center | Walmart Shadow-Anchored Rapids Plaza offers investors the chance to acquire a 100 percent occupied retail center in the heart of Wisconsin Rapids’ primary retail corridor. Located on a prime hard corner with high traffic counts, the center benefits from Walmart shadow-anchoring, long-term tenancy, and recent capital improvements. Investment Highlights • 100 Percent Occupied – Strong tenancy with 95.9 Percent Retail Occupancy in the Market • Recent Leasing Momentum – Shopko Optical Expanded in 2025; Jackson Hewitt Signed New Five-Year Lease • Long-Term Tenancy – I Spoon In Place for Over 20 Years; Diverse National and Regional Tenant Mix • Capital Improvements – Brand-New Roof and Six New HVAC Units Installed Fall 2025 • Prime Location – 20,251 Vehicles per Day, Excellent Visibility, Multiple Ingress/Egress Points • Triple-Net Leases – Minimal Landlord Responsibilities, Management/Admin Reimbursed Rapids Plaza combines stable cash flow with long-term upside potential, making it an attractive investment in a growing market.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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