Shopping Neighborhood
Bayshore Area Retail Plaza
5312 N Port Washington Rd, Glendale, WI 53217
Listing Price: $3,255,000
Cap Rate
6.75%
Gross SF
13,763
Rentable SF
13,763
Price/Gross SF
$236.50
Lot Size
1.14 acres
Year Built
2006
Investment Overview
89% Percent Occupied, 13,763-Square- Foot Strip Center in Glendale, Wisconsin – Dynamic Community 4 Miles from the City of Milwaukee
Bayshore Area Retail Plaza
Investment Highlights
- 89% Percent Occupied, 13,763-Square- Foot Strip Center in Glendale, Wisconsin – Dynamic Community 4 Miles from the City of Milwaukee
- Fast Signs (52.49% Percent of Gross Leasable Area) on Net Lease Thru May 2025; Prime Space with Prominent Signage
- Long Term Tenants WingStop & Lee Kong Chinese Restaurant Occupy 25% of GLA and both Recently Extended for 5-Year's Through 2027
- Diversified, Durable Tenant Base with ECommerce-Proof Service-Oriented Businesses Including Lee Kong Chinese, Gyro Palace and WingStop
- Lease up opportunity of 1,500 SF (10.90% of Gross Leasable Area) Potentially Adding $49,845 to NOI
- Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
- Pro Forma Cap Rate of 8.28% Producing Cash On Cash Return of 13.44% and 20.32% Year one Total Return
- Ease of Management with Only 4 Tenants in Place, Local Tenants, and 4 out of 5 NNN Leases with Many Tenants Reimbursing for Management & Admin Fee's
Listing Price: $3,255,000
Cap Rate
6.75%
Gross SF
13,763
Rentable SF
13,763
Price/Gross SF
$236.50
Lot Size
1.14 acres
Year Built
2006
Investment Highlights
- 89% Percent Occupied, 13,763-Square- Foot Strip Center in Glendale, Wisconsin – Dynamic Community 4 Miles from the City of Milwaukee
- Fast Signs (52.49% Percent of Gross Leasable Area) on Net Lease Thru May 2025; Prime Space with Prominent Signage
- Long Term Tenants WingStop & Lee Kong Chinese Restaurant Occupy 25% of GLA and both Recently Extended for 5-Year's Through 2027
- Diversified, Durable Tenant Base with ECommerce-Proof Service-Oriented Businesses Including Lee Kong Chinese, Gyro Palace and WingStop
- Lease up opportunity of 1,500 SF (10.90% of Gross Leasable Area) Potentially Adding $49,845 to NOI
- Constructed in 2006 with High-Image Facades, Prominent Signage, and Strong Visibility
- Pro Forma Cap Rate of 8.28% Producing Cash On Cash Return of 13.44% and 20.32% Year one Total Return
- Ease of Management with Only 4 Tenants in Place, Local Tenants, and 4 out of 5 NNN Leases with Many Tenants Reimbursing for Management & Admin Fee's
Investment Overview
89% Percent Occupied, 13,763-Square- Foot Strip Center in Glendale, Wisconsin – Dynamic Community 4 Miles from the City of Milwaukee
