Copp’s Sun Prairie
2010Year Acquired |
SoldStatus |
New Suburban Downtown Grocery Store
Sun Prairie wanted to replace a Dane County highway department facility at the major corner of Main Street and Highway N. General Capital won a competitive selection process by proposing a new grocery store and outlot, taking a cue from the City’s revitalized downtown district. Sun Prairie provided TIF funding for an underground storm water detention facility enabling this important economic development project to proceed. General Capital teamed with Schroeder & Holt Architects, Kraus Anderson Construction and the Hoff Group. An outlot was sold to McDonald’s.
KEY THEMES
- Strategic retail acquisition focused on maximizing long-term value through disciplined asset management and investment execution
- Large-format grocery property served as a key retail destination within the growing Sun Prairie market
- Prime commercial location provided strong visibility, accessibility, and long-term investment potential
- Active ownership strategy emphasized operational performance and value creation throughout the investment lifecycle
- Disciplined execution positioned the asset for a successful disposition following completion of the investment strategy
RESULTS
- Successfully managed a 63,000 SF retail grocery property through a comprehensive investment strategy
- Generated a 106.30% gross internal rate of return and a 3.04x gross equity multiple for investors
- Delivered a 57.71% net internal rate of return and a 2.01x net equity multiple upon disposition
- Completed a successful sale following execution of the property's value-add investment plan
- Further strengthened General Capital's track record of delivering exceptional returns through strategic commercial real estate investment
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