Investment Opportunity | Aurora Healthcare Anchored Retail Center - 7300 Washington Ave, Mount Pleasant, WI 53406

Colliers | Wisconsin Investment Services Team is pleased to present the opportunity to acquire the Aurora Healthcare Anchored Wellness Center located in Racine (Mount Pleasant), Wisconsin. Built in 2006, this well maintained medical office/fitness property consists of 63,236 square feet. The property is 98% leased to three tenants: Aurora Health Care, Razor Sharp Fitness and Century 21. With the brand new 10 year Razor Sharp lease commencing at the time of sale, the weighted average term remaining for this building sits at an attractive 8.5 years. Razor Sharp has invested nearly $300,000 in their space since 2016. The building has seen recent capital improvements totaling over $150,000 including parking lot sealcoating and striping (2021) and replacement of several RTUs (2021 & 2017).

The asset is strategically positioned along a highly desirable and frequently traveled commercial/retail corridor (Highway 20) in Racine. Nearby retailers include Walmart, Kohl’s, Festival Foods, Big Lots and Dollar Tree.

• Long-Standing Tenant History - Both Aurora and Razor Sharp Fitness, making up 95% of premises, have occupied their spaces since the building was constructed in 2006. Additionally, Razor Sharp will execute a brand new 10 year lease upon closing


• Highly Trafficked Location - Subject property is strategically located along Highway 20 (Washington Ave) with traffic counts of over 33,000 VPD. The property is also one and a half miles due east from Green Bay Rd which boasts traffic counts of 33,000 VPD. This high image corner provides excellent visibility and access to/ from Interstate 41/94


• Major Nearby Developments - The surrounding area is experiencing exceptional growth with over 6.2 million square feet in developments over the past four years


• Exceptional Demographics - Local demographics feature a population of over 117,143 within a 5-mile radius and includes income over $70,941 with an additional 2.5% population growth projected by 2026


• Strong, E-Commerce Resistant Tenants - The building is leased to tenants who all rely on their brick & mortar location to be successful