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Shopping Neighborhood

Bayshore Area Retail Plaza

5312 N Port Washington Rd, Glendale, WI 53217

Listing Price: $3,085,000

Cap Rate
7.00%
Gross SF
13,763
Rentable SF
13,763
Price/Gross SF
$224.15
Lot Size
1.14 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present for sale, Bayshore Area Retail Plaza located in Glendale, Wisconsin. The subject property is a 13,809-square-foot strip center that is 88.82 percent occupied. The strip center is located in a dynamic community only four miles from the city of Milwaukee. Bayshore Area Retail Plaza is being offered for $3.08 million.

Investment Highlights

  • 88.82 Percent Occupied, 13,809-Square-Foot Strip Center in Glendale, Wisconsin – Dynamic Community Four Miles from the City of Milwaukee
  • Fast Signs (52.49 Percent of Gross Leasable Area) on Triple-Net Lease Thru May 2025; Prime Space with Prominent Signage
  • Diversified, Durable Tenant Base with ECommerce-Proof Service-Oriented Businesses Including Lee Kong Chinese, Gyro Palace and WingStop
  • Lease Up Opportunity of 1,500 Square Feet (10.90 Percent of Gross Leasable Area) Potential $36,000 Annual Increase
  • Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
  • Offers 15.79 Percent Year One Cash - on- Cash Return and 23.17 Percent Year One Total Return with Bank Financing Terms

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Neighborhood

Bayshore Area Retail Plaza

Listing Price: $3,085,000

Cap Rate
7.00%
Gross SF
13,763
Rentable SF
13,763
Price/Gross SF
$224.15
Lot Size
1.14 acres
Year Built
2006

Investment Highlights

  • 88.82 Percent Occupied, 13,809-Square-Foot Strip Center in Glendale, Wisconsin – Dynamic Community Four Miles from the City of Milwaukee
  • Fast Signs (52.49 Percent of Gross Leasable Area) on Triple-Net Lease Thru May 2025; Prime Space with Prominent Signage
  • Diversified, Durable Tenant Base with ECommerce-Proof Service-Oriented Businesses Including Lee Kong Chinese, Gyro Palace and WingStop
  • Lease Up Opportunity of 1,500 Square Feet (10.90 Percent of Gross Leasable Area) Potential $36,000 Annual Increase
  • Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
  • Offers 15.79 Percent Year One Cash - on- Cash Return and 23.17 Percent Year One Total Return with Bank Financing Terms

Investment Overview

Marcus & Millichap is pleased to present for sale, Bayshore Area Retail Plaza located in Glendale, Wisconsin. The subject property is a 13,809-square-foot strip center that is 88.82 percent occupied. The strip center is located in a dynamic community only four miles from the city of Milwaukee. Bayshore Area Retail Plaza is being offered for $3.08 million.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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