Shopping Neighborhood
Bayshore Area Retail Plaza
5312 N Port Washington Rd, Glendale, WI 53217
Listing Price: $3,085,000
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.
Bayshore Area Retail Plaza
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
Shopping Neighborhood
Bayshore Area Retail Plaza
Listing Price: $3,085,000
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.
