Skip to main content

Shopping Strip

The Tile Shop Anchored Retail

1701 S 108th St, West Allis, WI 53214

Listing Price: $6,950,000

Cap Rate
5.85%
Gross SF
35,670
Rentable SF
35,670
Price/Gross SF
$194.84
Lot Size
2.58 acres
Year Built
1974

Investment Overview

Two Tenant Retail Strip with 0.57 Acre Parcel on Main Thoroughfare within the Milwaukee MSA.

Investment Highlights

  • Significantly Below Market Rents - Current Rent Avg. $11.19/SF | Market Rent Avg. $15.21/SF
  • Annual Rental Increases - Allied Pools (2% Annual) - The Tile Shop (5% Every Five Years)
  • Excellent Frontage on a Main Thoroughfare - 39,000+ VPD on S 108th Street
  • Brand New TPO Roof - Installed August 2022 | 20-Year Assumable Warranty
  • Long Term NNN Leases with National + Locally Recognized Tenants - Offers Passive Ownership and Stable Cash Flow
  • Strong Demographics within a Five-Mile Radius - Over 288,000+ Residents | Steady Population Growth - Proximity to US Hwy 41 (141,000+ VPD)

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Strip

The Tile Shop Anchored Retail

Listing Price: $6,950,000

Cap Rate
5.85%
Gross SF
35,670
Rentable SF
35,670
Price/Gross SF
$194.84
Lot Size
2.58 acres
Year Built
1974

Investment Highlights

  • Significantly Below Market Rents - Current Rent Avg. $11.19/SF | Market Rent Avg. $15.21/SF
  • Annual Rental Increases - Allied Pools (2% Annual) - The Tile Shop (5% Every Five Years)
  • Excellent Frontage on a Main Thoroughfare - 39,000+ VPD on S 108th Street
  • Brand New TPO Roof - Installed August 2022 | 20-Year Assumable Warranty
  • Long Term NNN Leases with National + Locally Recognized Tenants - Offers Passive Ownership and Stable Cash Flow
  • Strong Demographics within a Five-Mile Radius - Over 288,000+ Residents | Steady Population Growth - Proximity to US Hwy 41 (141,000+ VPD)

Investment Overview

Two Tenant Retail Strip with 0.57 Acre Parcel on Main Thoroughfare within the Milwaukee MSA.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

MM Texture Background
MM Textured Background Lower