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Shopping Neighborhood

Oakbridge Retail Center

7940-7968 Tree Ln, Madison, WI 53717

Listing Price: $6,600,000

Cap Rate
8.26%
Gross SF
54,364
Rentable SF
54,364
Price/Gross SF
$121.40
Lot Size
4.33 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to present Oakbridge Retail Center, a Neighborhood Center with a healthy mix of restaurant, service, and specialty retailers. The property features a new seven-year lease with Plato's Closet, boasting 3% annual rent increases. With nearly 400 feet of unobstructed frontage along Mineral Point Road and a daily traffic count of 24,800 vehicles, it offers excellent visibility. Additionally, it is conveniently located directly off the U.S. Route 12 interchange, with a daily traffic count of 75,900 vehicles. The center is adjacent to Prairie Towne Center, which houses major tenants such as Target, Pick 'n Save, Starbucks, Old Navy, Party City, Famous Footwear, Lands' End, and more. With a long operating history and most tenants having been located in the center for over 10 years, it showcases stability and customer loyalty. The property's strategic location positions it just 15 minutes away from the University of Wisconsin-Madison, which has a student population of 49,886 and 24,232 staff members. Moreover, the center benefits from a densely populated area, with 70,681 people living within three miles and 86,078 people working within three miles.

Investment Highlights

  • Neighborhood Center with a Healthy Mix of Restaurant, Service, and Specialty Retailers
  • New Seven-Year Lease with Plato's Closet Boasting 3 Percent Annual Rent Increases
  • Nearly 400 Feet of Unobstructed Frontage Along Mineral Point Road | 24,800 Vehicles per Day
  • Directly Off of the U.S. Route 12 Interchange | 75,900 Vehicles per Day
  • Adjacent to Prairie Towne Center | Major Tenants Include Target, Pick 'n Save, Starbucks, Old Navy, Party City, Famous Footwear, Lands' End, and More
  • Long Operating History | Most Tenants have been Located in this Center for over 10 Years
  • 15 Minutes from University of Wisconsin-Madison | 49,886 Students | 24,232 Staff Members
  • 70,681 People Live Within Three Miles | 86,078 People Work Within Three Miles

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3727

    Email Bryn

    License(s): MD: 646476, DC: BR98372978, FL: BK3079114, VA: 0225215804, PA: ABR005179

    Washington, D.C.

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Neighborhood

Oakbridge Retail Center

Listing Price: $6,600,000

Cap Rate
8.26%
Gross SF
54,364
Rentable SF
54,364
Price/Gross SF
$121.40
Lot Size
4.33 acres
Year Built
1988

Investment Highlights

  • Neighborhood Center with a Healthy Mix of Restaurant, Service, and Specialty Retailers
  • New Seven-Year Lease with Plato's Closet Boasting 3 Percent Annual Rent Increases
  • Nearly 400 Feet of Unobstructed Frontage Along Mineral Point Road | 24,800 Vehicles per Day
  • Directly Off of the U.S. Route 12 Interchange | 75,900 Vehicles per Day
  • Adjacent to Prairie Towne Center | Major Tenants Include Target, Pick 'n Save, Starbucks, Old Navy, Party City, Famous Footwear, Lands' End, and More
  • Long Operating History | Most Tenants have been Located in this Center for over 10 Years
  • 15 Minutes from University of Wisconsin-Madison | 49,886 Students | 24,232 Staff Members
  • 70,681 People Live Within Three Miles | 86,078 People Work Within Three Miles

Investment Overview

Marcus & Millichap is pleased to present Oakbridge Retail Center, a Neighborhood Center with a healthy mix of restaurant, service, and specialty retailers. The property features a new seven-year lease with Plato's Closet, boasting 3% annual rent increases. With nearly 400 feet of unobstructed frontage along Mineral Point Road and a daily traffic count of 24,800 vehicles, it offers excellent visibility. Additionally, it is conveniently located directly off the U.S. Route 12 interchange, with a daily traffic count of 75,900 vehicles. The center is adjacent to Prairie Towne Center, which houses major tenants such as Target, Pick 'n Save, Starbucks, Old Navy, Party City, Famous Footwear, Lands' End, and more. With a long operating history and most tenants having been located in the center for over 10 years, it showcases stability and customer loyalty. The property's strategic location positions it just 15 minutes away from the University of Wisconsin-Madison, which has a student population of 49,886 and 24,232 staff members. Moreover, the center benefits from a densely populated area, with 70,681 people living within three miles and 86,078 people working within three miles.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3727

    Email Bryn

    License(s): MD: 646476, DC: BR98372978, FL: BK3079114, VA: 0225215804, PA: ABR005179

    Washington, D.C.

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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