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.
The Tile Shop Anchored Retail
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)
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.
