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Bank

Bank of America Ground Lease | New Construction | Epicenter of Retail Corridor

5240 S 76th St, Greendale, WI 53129

Listing Price: $4,040,000

Cap Rate
5.00%
Tenant Name
Bank of America
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
4,255
Lease Type
Ground Lease
Rent Per Square Feet
$47.47

Investment Overview

Investors are offered the opportunity to acquire a brand new 2026 construction Bank of America ground lease located in the highly desirable Milwaukee suburb of Greendale. The Greendale location is part of Bank of America’s recent expansion in the Milwaukee market with five new branches in various stages of development. Bank of America, N.A. holds a best-in-class credit rating of “A+” from Standard & Poor’s. The property is Bank of America’s newest prototype building and features 10 percent rental increases every five years. Bank of America benefits from its shadow anchor, Southridge Mall, the #1 most visited super-regional mall in Wisconsin, which attracts 7.6 million annual visitors and is planned for long-term mixed-use redevelopment. The property is strategically positioned along a high-traffic corridor with 32,400 vehicles per day and benefits from immediate access to Interstate 43/41 (131,000 vehicles per day). The 76th Street corridor is one of the Milwaukee MSA’s most dominant retail destinations, featuring retailers such as Walmart Supercenter, Chick-fil-A, Starbucks, Raising Cane’s, Sendik’s and multiple topperforming shopping centers. The immediate area is incredibly dense and affluent with over 94,000 residents and 77,000 employees within a three-mile radius. The average household income exceeds $96,000 within a one-mile radius.

Investment Highlights

  • New 2026 Construction Bank of America | Original 15-Year Ground Lease with Three, Five-Year Renewal Options.
  • Corporately Guaranteed by Bank of America, N.A.
  • Shadow Anchored by Southridge Mall, #1 Most Visited Super-Regional Mall in WI (7. 6 Million Annual Visits) | Southridge is Slated for Long-Term Mixed-Use Redevelopment.
  • Part of a Major Retail Corridor | Across the Street from Walmart Supercenter, Which Attracts 1.7 Million Annual Visitors (Placer.Ai).
  • Frontage Along S 76th Street, Which Sees 32,400 Vehicles Per Day | 1.1 Miles from Interstate 43/41, Which Sees 131,000 Vehicles Per Day.
  • 8,718 People Live Within a Mile Radius and 94,149 People Live Within a Three-Mile Radius.
  • Average Household Income of $96,885 Within a Mile Radius.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Bank

Bank of America Ground Lease | New Construction | Epicenter of Retail Corridor

Listing Price: $4,040,000

Cap Rate
5.00%
Tenant Name
Bank of America
Years Remaining On Lease
13.2
Guarantor
Corporate Guarantee
Rentable SF
4,255
Lease Type
Ground Lease
Rent Per Square Feet
$47.47

Investment Highlights

  • New 2026 Construction Bank of America | Original 15-Year Ground Lease with Three, Five-Year Renewal Options.
  • Corporately Guaranteed by Bank of America, N.A.
  • Shadow Anchored by Southridge Mall, #1 Most Visited Super-Regional Mall in WI (7. 6 Million Annual Visits) | Southridge is Slated for Long-Term Mixed-Use Redevelopment.
  • Part of a Major Retail Corridor | Across the Street from Walmart Supercenter, Which Attracts 1.7 Million Annual Visitors (Placer.Ai).
  • Frontage Along S 76th Street, Which Sees 32,400 Vehicles Per Day | 1.1 Miles from Interstate 43/41, Which Sees 131,000 Vehicles Per Day.
  • 8,718 People Live Within a Mile Radius and 94,149 People Live Within a Three-Mile Radius.
  • Average Household Income of $96,885 Within a Mile Radius.

Investment Overview

Investors are offered the opportunity to acquire a brand new 2026 construction Bank of America ground lease located in the highly desirable Milwaukee suburb of Greendale. The Greendale location is part of Bank of America’s recent expansion in the Milwaukee market with five new branches in various stages of development. Bank of America, N.A. holds a best-in-class credit rating of “A+” from Standard & Poor’s. The property is Bank of America’s newest prototype building and features 10 percent rental increases every five years. Bank of America benefits from its shadow anchor, Southridge Mall, the #1 most visited super-regional mall in Wisconsin, which attracts 7.6 million annual visitors and is planned for long-term mixed-use redevelopment. The property is strategically positioned along a high-traffic corridor with 32,400 vehicles per day and benefits from immediate access to Interstate 43/41 (131,000 vehicles per day). The 76th Street corridor is one of the Milwaukee MSA’s most dominant retail destinations, featuring retailers such as Walmart Supercenter, Chick-fil-A, Starbucks, Raising Cane’s, Sendik’s and multiple topperforming shopping centers. The immediate area is incredibly dense and affluent with over 94,000 residents and 77,000 employees within a three-mile radius. The average household income exceeds $96,000 within a one-mile radius.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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