East Springs Drive Center 2 biens | Local commercial | À vendre | 4 583 908 € | Madison, WI

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in East Springs Drive Center located at 2358 and 2402 East Springs Drive in Madison, Wisconsin (the “Property”). The eight-tenant plaza is 100% leased to a mix of regional and local retailers and contains 29,320 square feet spread over two buildings on a 3.13-acre parcel. Seven of eight leases call for the tenants to reimburse their pro-rata share of real estate taxes, insurance and operating expenses and also provide attractive rent increases in the primary lease terms and renewal options (if applicable).
East Springs Drive Center occupies a prime location in a dominant commercial corridor in northeast Madison. positioned along East Springs Drive, the Property is surrounded by East Towne Mall, large shopping centers with national anchors, big box retailers, and national retailers and restaurants, in the area’s primary shopping district. The Property offers excellent visibility and strong frontage, enhancing its presence within this established trade area.
The Property is also conveniently located near residential neighborhoods, area schools, several hotels, UW Health East Madison (Hospital), and several large employers, providing a reliable built-in customer base. In addition, East Springs Drive Center offers efficient regional connectivity with quick access to U.S. Routes 51 and 151, as well as Interstate 90/39, supporting ease of travel throughout Madison and the broader region, and providing quick access to Downtown Madison, 10 miles to the southwest.