Property Listing No Longer Available for Sale

8705 Blumenstein Road, Minocqua, WI

Retail for Sale - $863,000 - 5,005 Sq. Ft. on 0.75 acres


Property Info

CIMLS#119272
Location
  8705 Blumenstein Road
  Minocqua WI 54548
UpdatedJanuary 22nd, 2010
TypeRetail
Price$863,000
Building5,005 Sq. Ft.
Land0.75 acres

Property Description

Marcus & Millichap presents a newly constructed single-tenant Maurices, located on a new Super Wal-Mart out-lot in Minocqua, Wisconsin. This location is one of Maurices first free-standing stores in the country, and it benefits from excellent exposure at the entrance of Super Wal-Mart. Maurices signed a new, corporately guaranteed ten year lease, which runs through 2019 and has $1 per square foot increases every five years.

Maurices operates approximately 715 stores in 45 states. Maurices is the leading small town specialty store and authority for the savvy, fashion conscious customer with a twenty-something attitude. The company focuses on small markets (15,000 to 100,000 people), and they compliment large retailers like Wal-Mart and Target. In 2005, Maurices was acquired by Dress Barn (DBRN). Maurices was founded in 1931 by E. Maurice Labovitz, and Maurices home offices are located in Duluth, Minnesota, the site of its very first store.

Minocqua is a favorite getaway for numerous Midwestern families, and it draws summer and winter tourists from all over the country. Minocqua's pristine tree-lined lake is home to beautiful million dollar vacation homes, and the area is known for its restaurants, boutique shops, fishing, snowmobiling, and waterskiing.


Financials