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Boulder Group Closes Deal for Wisconsin Piggly Wiggly

The Boulder Group completed the sale of a single-tenant, net-leased Piggly Wiggly supermarket at 1330 Memorial Dr. in Watertown, WI, about 50 miles from both Milwaukee and Madison, for $3,250,000. Its current lease runs through 2029, with three five-year renewal options.

Jimmy Goodman and John Feeney of The Boulder Group represented the Wisconsin-based seller. The buyer is also based in Wisconsin.

“The market for standalone grocery properties remains active due to their built-in customer base,” said Jimmy Goodman, partner of The Boulder Group.  

Added SVP Feeney, “Investors pay a premium for grocery stores with a strong sales history.”

With each of its 530-plus locations independently owned and operated, Piggly Wiggly is largely concentrated in the Southeast. However, the chain has more than 60 stores in Wisconsin.


Inside The Story

Boulder Group’s Goodman and Feeney

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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