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)
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.

