T.J. Maxx Marshfield, WI - Webflow
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GROCERY ANCHORED OUTPARCEL LE ASED TO T. J. MA X X – A R ATED
NEW 10 YE AR LE ASE SIGNED IN 2022
OFFERING MEMORANDUM
T.J. Maxx
Marshfield, WI
This property is listed in conjunction with Wisconsin-licensed real estate broker Compass Management Services. www.preservewestcapital.com
TABLE OF CONTENTS
PROPERT Y HIGHLIGHTS 1 AERIALS 4
PROPERT Y INFORMATION 2 ABOUT THE AREA 6
TENANT INFORMATION 3 DEMOGRAPHICS 8
Disclaimer Preserve West Capital (“Broker”) has been retained on an exclusive basis to market the property described herein (“Property”).
Broker has been authorized by the Seller of the Property (“Seller”) to prepare and distribute the enclosed information (“Material”)
Putnam Daily
Partner
for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information
may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the 415.445.5107
Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your putnam@preservewc.com
analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references.
CA RE License #01750064
The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other
matters as the Seller deems appropriate.
Jeff Christian
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition
Managing Director
of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person
without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the 707.938.9600 x102
information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller jeff@firststreetco.com
and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation CA RE License #01461046
and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries,
members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro
Lindsey Snider
forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently
confirm the accuracy of the projections contained in the pro forma. Vice President
415.906.2887
Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied,
to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed lindsey@preservewc.com
agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be CA RE License #01443387
deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Michael Maffia
Managing Partner
415.373.4060
info@preservewc.com
CA RE License #01340853
PRESERVE WEST CAPITAL & FIRST STREET | 2
PROPERT Y HIGHLIGHTS
• Rare Freestanding T.J. Maxx with a New 10-Year Corporate Net Lease • Located on Dense Retail Corridor within Century Plaza
- Scheduled Rental Escalations Every 5 Years Providing a Strong - Nearby Tenants Including Target, Starbucks, Walmart
Hedge Against Inflation Supercenter, Festival Foods, Arby’s & Taco Bell
• Publicly Traded (NASDAQ: TJX) Investment Grade Tenant • Less than Half a Mile from Marshfield Mall with New
Retailers, Layout, and Design Plans Scheduled for this Fall
- The TJX Companies, Inc. is Rated A by S&P and A2 by Moody’s
• One Mile from Marshfield Medical Center, a 500-Bed
• For the Fiscal Year Ended January 31, 2021, the Company Reported Hospital that Provides Complete Inpatient and Outpatient
Revenue of $32.14 Billion, Net Income of $90.5 Million, and Total Care for Central Wisconsin and Beyond
Stockholder’s Equity of $5.83 Billion
- Integrated Health Care System Across 10 Hospitals
• Option to Assume Existing Loan with Below Market Terms and 60 Clinics
• Excellent Access and Visibility on N Central Ave, E Upham St, and N • Four Miles from Marshfield Municipal Airport
Peach Ave (Combined AADT of 30,300)
• Less than Two Miles from Grant Elementary School (685
• Robust & Affluent Demographics with Exceptional Purchasing Students), Marshfield High School (1,245 Students),
Power within 10-Mile Radius Madison Elementary School (306 Students), and Marshfield
- Total Daytime Population of 44,617 Alternative High School
- Average Household Income of $95,375 • ~117 Miles from Madison and ~153 Miles from Minneapolis
PRESERVE WEST CAPITAL & FIRST STREET | 1
PROPERT Y INFORMATION
PRICE
$3,888,000
5.50% Return
Location Annual Rent
The property is located at 1629 N. Central Avenue Street in Marshfield,
Years Annual Rent Return
Wisconsin.
1-5 (Current) $213,850 5.50%
Lot Size
6-10 $225,600 5.80%
Approximately 1.54 acre or 67,082 square feet.
11-15 (Option 1) $237,350 6.10%
Improvements 16-20 (Option 2) $249,100 6.41%
A 23,500 square foot retail building for T.J. Maxx.
21-25 (Option 3) $260,850 6.71%
Financing 26-30 (Option 4) $272,600 7.01%
Existing Loan*
Lease
Initial Loan Balance $1,174,353
Leased to The TJX Companies, Inc., for 10 years from May 22, 2022 through
Down Payment $2,713,647 May 31, 2032 at a current annual rent of $213,850. There are four (4) five-year
Interest Rate 4.50% options to renew the lease. Rent is increased by approximately 5% every 5 years
and at the start of each option period. The lease is net with tenant responsible
Maturity May 2035 for all taxes, insurance, and maintenance, excluding roof and structure.
Amortization 30 Years
Loan Assumption Fee 1%
*A buyer has the option to assume the loan or purchase the property free
and clear of existing debt.
PRESERVE WEST CAPITAL & FIRST STREET | 2
ABOUT THE TENANT
T.J. Maxx is one of the largest off-price retailers in the
country, selling discounted family apparel, footwear, home
fashions, furniture, décor, and other merchandise at more than
1,271 locations in the United States. With more than 1,000 U.S.
locations, T.J. Maxx is among the largest clothing retailers in
the country.
The TJX Companies, Inc. (NYSE: TJX) is the leading off-
price retailer of apparel and home fashions in the U.S. and
worldwide, operating T.J. Maxx, Marshalls, HomeGoods,
Sierra Trading Post, Winners, and HomeSense in the U.S.,
Canada, United Kingdom, Ireland, Germany, Poland, Austria,
The Netherlands, and Australia. The company’s retailers offer
brand name, designer, and other high-quality merchandise
at prices generally 20% to 60% below department and
specialty store prices, delivering value to customers through
the combination of brand, fashion, price, and quality at more
than 4,500 locations worldwide. The company benefits from
a flexible business model, opportunistic buying strategies,
specialized inventory management strategies, strong
distribution logistics, and low-cost operations, differentiating
their stores from traditional retail tenants. The company is
ranked #80 in the Fortune 500.
The TJX Companies, Inc. is rated A by S&P and A2 by Moody’s.
For the fiscal year ended January 31, 2021, the company
reported revenue of $32.14 billion, net income of $90.5
million, and total stockholder’s equity of $5.83 billion.
PRESERVE WEST CAPITAL & FIRST STREET | 3
AERIAL NORTH VIEW
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AERIAL SOUTH VIEW
Marshfield Municipal Airport
Downtown
MARSHFIELD MALL
Major Planned Re-Design
Fall 2022
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Rose Bowl
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Century
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ABOUT THE AREA
General Overview
Marshfield (population 18,891) is a city in Wood and Marathon
counties and the largest city in Wood County, Wisconsin. The
city is part of the Marshfield-Wisconsin Rapids MSA and is
located at the intersection of U.S. Route 10, MI-13 and MI-97.
Marshfield is known for its world-class health care and is home
to Marshfield Medical Center, which serves much of Central,
Northern, and Western Wisconsin. The city has been ranked
SITE one of the best places to live and raise a family in Wisconsin and
has several highly ranked public schools. It provides a dense
suburban feel with many choices for lodging, dining, shopping,
and attractions.
There are several attractions within the city such as the 150-
acre Wildwood Park and Zoo. Wildwood has become one of the
state’s premier parks and leading municipal zoos. There are 3
business/industrial parks within the city: Yellowstone Industrial
Park, Mill Creek Business Park, and Norwood Industrial Park.
The parks total 357 acres and consist of companies including
Mathy Construction, Packaging Corporation of America, UW-
Madison Agricultural Research Station, Prevention Genetics,
Hewitt Meats, Data Axle, Samuel Basic Stainless, Quality Tank
Solutions, and more. The City of Marshfield has an active
economic development division and seven Tax Increment
Districts (TIDs) that are currently active or under development.
Wood County (population 73,134) was named after Joseph
Wood, a member of the Wisconsin State Assembly. The
county consists of 26 cities and is part of the Wisconsin
Rapids-Marshfield MSA and included in the Wausau-Stevens
Point-Wisconsin Rapids MSA. The county spans 809 square
miles and two of five geographical regions in Wisconsin.
The land consists of rich cropland with abundant corn,
soybeans, hay, and dairy. The county is home to a 21,000-acre
wildlife conservation and offers activities such as camping,
birdwatching, hiking, hunting, cross-country skiing, and more.
There are two public city-managed airports within the county—
Alexander Field South Wood County Airport and Marshfield
Municipal Airport.
ABOUT THE AREA
Site Information
The property is strategically located near the junction of
N Central Ave and W McMillan St with a combined AADT
of 30,300. Situated on Marshfield’s main retail corridor,
the subject property benefits from strong visibility in a
SITE highly trafficked location. The site benefits from strong
demographics with a total daytime population of 44,617 and
average household income of $95,375 within a 10-mile radius.
The property is in close proximity to shopping centers,
schools, and residential neighborhoods. Century Plaza is
anchored by Festival Foods and features tenants including
Subway, H&R Block, Associated Bank, USPS, and Arby’s;
Marshfield Mall, less than half a mile from the property, is
undergoing design, layout, and retail changes scheduled for
this fall; and a Walmart Supercenter-anchored plaza with
tenants including Dunham’s Sports, O’Reilly Auto Parts,
Dollar Tree, Maurices, JOANN, GameStop, and Great Clips.
Other major tenants in the area include Target, Menards,
Aldi, Goodwill, Pet Supplies Plus, Walgreens, Advance Auto
Parts, Applebee’s, Dunkin’, Culver’s, Pizza Hut, McDonald’s,
Perkins, Dairy Queen, Biggby Coffee, and Starbucks.
The site is less than 2 miles from Grant Elementary School
(685 students), Marshfield High School (1,245 students),
Madison Elementary School (306 students), and Marshfield
Alternative High School. University of Wisconsin-Stevens
Point (7,278 students) and Mid-State Technical College
(2,648 students) are approximately 3 miles from the property.
The site is less than 1 mile from Marshfield Medical Center,
a 500-bed hospital that provides complete inpatient and
outpatient care for central Wisconsin and beyond. It features
an integrated health care system across 10 hospitals and
60 clinics with over 12,000 employees, 1,400 providers
comprising over 170 Specialties, a health plan, and research
and education program. University of Wisconsin School
of Medicine and Public Health has an academic campus at
the hospital. The property is also 4 miles from Marshfield
Municipal Airport, a public airport owned by the city.DEMOGRAPHICS
1629 N Central Ave | Marshfield, WI 54449
Top Employers in # of
Marshfield Employees
Marshfield Clinic Health System 3,581
2022 DAYTIME POPULATION AVG. HOME VALUE AVG. HOUSEHOLD INCOME
Roehl Transport Inc. 2,473
44,617 $236,309 $95,375 Wisconsin Rapids School District 1,138
County of Wood 726
Population Summary 3 Miles 1 5 Miles 10 Miles Aspirus Riverview Hospital 654
2010 Total Population 20,252 24,051 35,397
Marshfield School District 450
2022 Total Population 19,884 23,776 35,027
Masonite 412
2027 Total Population 19,805 23,672 34,797
2022 Total Daytime Population 32,087 35,741 44,617 389
Domtar
Average Household Income
Renaissance Learning 388
2022 $92,508 $95,561 $95,375
2027 $104,053 $108,002 $108,935 Prevention Genetics 208
Average Home Value Felker Brothers 166
2022 $213,824 $226,943 $236,309
2027 $239,372 $254,851 $273,920
PRESERVE WESTPRESERVE
CAPITAL &WEST STREET | 8
FIRSTCAPITALPutnam Daily Jeff Christian Lindsey Snider Michael Maffia Partner Managing Director Vice President Managing Partner 415.445.5107 707.938.9600 x102 415.906.2887 415.373.4060 putnam@preservewc.com jeff@firststreetco.com lindsey@preservewc.com info@preservewc.com CA RE License #01750064 CA RE License #01461046 CA RE License #01443387 CA RE License #01340853
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