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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

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

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Neighborhood

Bayshore Area Retail Plaza

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

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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