The Boulder Group completed the sale of a single-tenant net-leased Piggly Wiggly property at 1330 Memorial Drive in Watertown, Wisconsin, for $3.25 million.
The 27,000-squar- foot building benefits from its location off State Highway 16, which is a primary north-south thoroughfare that connects to State Highway 26. The property is positioned next to Watertown Regional Medical Center, one of the most established inpatient/ outpatient healthcare facilities in the area.
This Piggly Wiggly location is less than 2.5 miles from downtown Watertown and 50 miles from Milwaukee and Madison. There are 32,156 people living within seven miles of the property with an average household income in excess of $59,133.
Jimmy Goodman and John Feeney of The Boulder Group represented the seller in the transaction. The buyer was a Wisconsin-based investor.
The Piggly Wiggly lease expires on Dec. 31, 2029, and features three five-year renewal options.
