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Office Warehouse

N59W14283 Bobolink Ave

N59W14283 Bobolink Ave, Menomonee Falls, WI 53051

Listing Price: $595,000

Cap Rate
6.26%
Lot Size
1.09 acres
Year Built
1967
Rentable SF
5,000

Investment Overview

This investment provides, a 5,008 square foot, 100 percent leased single tenant industrial asset located in Menomonee Falls, Wisconsin—one of the most desirable industrial submarkets in Waukesha County.

The property is currently leased to a single tenant, Wisconsin Home Improvement Co., which recently
executed a new three-year lease commencing April 2026. The lease includes strong annual rent escalations of 12.5 percent in 2027 and 11 percent in 2028, resulting in approximately 25 percent total rent growth over the lease term, providing investors with built-in income growth.

The asset generates $49,587 in current gross rental income ($9.90 per square foot) and produces a Net Operating Income of $37,273 ($7.44 per square foot), offering a 6.26 percent cap rate at a $595,000 list price. The property operates with a modified gross lease structure and maintains 100 percent occupancy, delivering stable in-place cash flow.

Situated on 1.09 acres with industrial outdoor storage, the property features approximately 1,000 square feet of newly renovated office space (2025) and approximately 4,000 square feet of warehouse space, complemented by four drive-in doors and efficient truck circulation. Its functional layout and accessibility make it highly appealing to a wide range of industrial users.

Strategically located just four minutes from Interstate 41, the property benefits from strong regional
connectivity and continued tenant demand in a submarket defined by low vacancy and limited supply,
supporting long-term investment stability.

This offering presents the opportunity to acquire a well-located, stabilized industrial investment with durable cash flow and embedded rent growth in a highly sought-after Southeastern Wisconsin industrial market.

Investment Highlights

  • 100 Percent Leased Single Tenant with Outdoor Storage, Separate Office Building, and Rear Warehouse
  • Uniform Layout for a Range of Tenants in Waukesha County with a 2 Percent Industrial Vacancy Rate
  • Easy Truck Circulation, Full Office Renovation in 2025, Uniform Layout, and Four Minute I-41 Access.

Exclusively Listed By

Office Warehouse

N59W14283 Bobolink Ave

Listing Price: $595,000

Cap Rate
6.26%
Lot Size
1.09 acres
Year Built
1967
Rentable SF
5,000

Investment Highlights

  • 100 Percent Leased Single Tenant with Outdoor Storage, Separate Office Building, and Rear Warehouse
  • Uniform Layout for a Range of Tenants in Waukesha County with a 2 Percent Industrial Vacancy Rate
  • Easy Truck Circulation, Full Office Renovation in 2025, Uniform Layout, and Four Minute I-41 Access.

Investment Overview

This investment provides, a 5,008 square foot, 100 percent leased single tenant industrial asset located in Menomonee Falls, Wisconsin—one of the most desirable industrial submarkets in Waukesha County. The property is currently leased to a single tenant, Wisconsin Home Improvement Co., which recently executed a new three-year lease commencing April 2026. The lease includes strong annual rent escalations of 12.5 percent in 2027 and 11 percent in 2028, resulting in approximately 25 percent total rent growth over the lease term, providing investors with built-in income growth. The asset generates $49,587 in current gross rental income ($9.90 per square foot) and produces a Net Operating Income of $37,273 ($7.44 per square foot), offering a 6.26 percent cap rate at a $595,000 list price. The property operates with a modified gross lease structure and maintains 100 percent occupancy, delivering stable in-place cash flow. Situated on 1.09 acres with industrial outdoor storage, the property features approximately 1,000 square feet of newly renovated office space (2025) and approximately 4,000 square feet of warehouse space, complemented by four drive-in doors and efficient truck circulation. Its functional layout and accessibility make it highly appealing to a wide range of industrial users. Strategically located just four minutes from Interstate 41, the property benefits from strong regional connectivity and continued tenant demand in a submarket defined by low vacancy and limited supply, supporting long-term investment stability. This offering presents the opportunity to acquire a well-located, stabilized industrial investment with durable cash flow and embedded rent growth in a highly sought-after Southeastern Wisconsin industrial market.

Exclusively Listed By

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