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Shopping Neighborhood

Meadowbrook Marketplace | Grocery Anchored | Milwaukee MSA

601-921 Meadowbrook Rd, Waukesha, WI 53188

Listing Price: $16,090,000

Cap Rate
7.64%
Gross SF
112,010
Rentable SF
112,010
Price/Gross SF
$143.65
Lot Size
16.96 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to exclusively offer a 98% occupied grocery-anchored shopping center with a McDonald's and Walgreens out parcel (included in the sale). Anchored by Sendik's Food Market, which operates 18 stores across the Milwaukee MSA area. The center boasts national, regional and local tenants, many with a long operating history; seven tenants have occupied their space for over 10 years. Walgreens, McDonald's and Cost Cutters have been in their space for over 20 years. An investor has an opportunity to add value by leasing the remaining 2,800 square feet. Ideally located on a heavily-traveled stoplight intersection, the center sees over 22,900 vehicles per day. Located only 2 miles from Interstate 94 with over 80,000 vehicles per day. The center is adjacent to Lodge Apartment Communities with 248 units and in close proximity to a high school and college. The area demographics are attractive, with a $150,000 average household income within a mile and 99,567 people living within five miles of the property.

Investment Highlights

  • 98% Occupied Grocery Anchored Shopping Center in the Milwaukee MSA
  • Seven Tenants have Occupied Space here for Over 10 Years
  • Walgreens, McDonald's, and Cost Cutters have Occupied their Space for Over 20 Years
  • Situated on a Heavily-Traveled Stoplight Intersection

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 Neighborhood

Meadowbrook Marketplace | Grocery Anchored | Milwaukee MSA

Listing Price: $16,090,000

Cap Rate
7.64%
Gross SF
112,010
Rentable SF
112,010
Price/Gross SF
$143.65
Lot Size
16.96 acres
Year Built
1999

Investment Highlights

  • 98% Occupied Grocery Anchored Shopping Center in the Milwaukee MSA
  • Seven Tenants have Occupied Space here for Over 10 Years
  • Walgreens, McDonald's, and Cost Cutters have Occupied their Space for Over 20 Years
  • Situated on a Heavily-Traveled Stoplight Intersection

Investment Overview

Marcus & Millichap is pleased to exclusively offer a 98% occupied grocery-anchored shopping center with a McDonald's and Walgreens out parcel (included in the sale). Anchored by Sendik's Food Market, which operates 18 stores across the Milwaukee MSA area. The center boasts national, regional and local tenants, many with a long operating history; seven tenants have occupied their space for over 10 years. Walgreens, McDonald's and Cost Cutters have been in their space for over 20 years. An investor has an opportunity to add value by leasing the remaining 2,800 square feet. Ideally located on a heavily-traveled stoplight intersection, the center sees over 22,900 vehicles per day. Located only 2 miles from Interstate 94 with over 80,000 vehicles per day. The center is adjacent to Lodge Apartment Communities with 248 units and in close proximity to a high school and college. The area demographics are attractive, with a $150,000 average household income within a mile and 99,567 people living within five miles of the property.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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