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Electronics

U.S. Cellular (NYSE: USM) | Infill Location

5275 S 76th St, Greendale (Milwaukee MSA), WI 53129

Listing Price: $2,945,000

Cap Rate
5.50%
Tenant Name
U.S. Cellular
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Double Net
Rent Per Square Feet
$35.99

Investment Overview

Marcus & Millichap is pleased to presend the U.S. Cellular in Greedale, (Milwaukee MSA), WI.

Investment Highlights

  • 6+ Years Remaining, Corporate Guaranty with 728+ Locations
  • Tenant Recently Extended the Lease Early Through 2028
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • UScellular (NYSE: USM) is 4th Largest Full-Service Wireless Carrier in the U.S, Very High Market Share in Wisconsin (High 30%-Low 40%)
  • New High-Quality Brick/Block Construction Built in 2013, Minimal Landlord Responsibilities
  • Infill Location, Serving Over 253,000 Residents in Southern Suburb of Milwaukee
  • Average Household Income Exceeds $90,000 within a 1-Mile Radius

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Electronics

U.S. Cellular (NYSE: USM) | Infill Location

Listing Price: $2,945,000

Cap Rate
5.50%
Tenant Name
U.S. Cellular
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Double Net
Rent Per Square Feet
$35.99

Investment Highlights

  • 6+ Years Remaining, Corporate Guaranty with 728+ Locations
  • Tenant Recently Extended the Lease Early Through 2028
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • UScellular (NYSE: USM) is 4th Largest Full-Service Wireless Carrier in the U.S, Very High Market Share in Wisconsin (High 30%-Low 40%)
  • New High-Quality Brick/Block Construction Built in 2013, Minimal Landlord Responsibilities
  • Infill Location, Serving Over 253,000 Residents in Southern Suburb of Milwaukee
  • Average Household Income Exceeds $90,000 within a 1-Mile Radius

Investment Overview

Marcus & Millichap is pleased to presend the U.S. Cellular in Greedale, (Milwaukee MSA), WI.

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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