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Shopping Regional

Hobby Lobby & Dunham's Sports - Brookfield

18200 W Bluemound Rd, Brookfield, WI 53045

Listing Price: $14,651,263

Cap Rate
6.66%
Gross SF
109,325
Rentable SF
109,325
Price/Gross SF
$134.02
Lot Size
8.67 acres
Year Built
1992

Investment Overview

Hobby Lobby and Dunham’s Sports anchor this prime Brookfield retail property, with Hobby Lobby recently extending its lease for a new 10-year term and Dunham’s maintaining strong performance since relocating here in 2016. Both leases are corporate locations, feature rare rental increases, and offer a low rent basis with attractive financing options. The NNN lease structure minimizes landlord responsibilities, making this an ideal passive investment. Positioned along Bluemound Road near I-94, the site benefits from high traffic counts, affluent demographics, and proximity to major shopping centers, national retailers, and ongoing mixed-use developments—ensuring long-term stability and growth.

Investment Highlights

  • New 10 Year Term Extension | Options to Extend | Corporate Locations | Strong Intrinsic Value and Fundamentals | Low Rent Basis | Attractive Financing Options
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Located Along Main Retail Thoroughfare | Infrastructure & Corridor Improvements | High Traffic Counts | Strong Access & Connectivity
  • Strong Local Ranking Placer.ai | Top 33% Hobby Lobby & #1 Dunham's Sports in a 15-Mile Radius
  • Across From Brookfield Lakes Corporate Center | Nearby Multiple Shopping Centers | National Tenant Presence
  • Major Expansion at the Corners of Brookfield | Mixed-Use Development | Increased Foot Traffic
  • Brookfield Square Redevelopment | Mixed-Use Project | Healthcare and Dining Components
  • Calhoun Crossing Renovation | Modernized Retail Center | Strong Tenant Mix | Strong Demographics In Affluent 5-Mile Trade Area

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Shopping Regional

Hobby Lobby & Dunham's Sports - Brookfield

Listing Price: $14,651,263

Cap Rate
6.66%
Gross SF
109,325
Rentable SF
109,325
Price/Gross SF
$134.02
Lot Size
8.67 acres
Year Built
1992

Investment Highlights

  • New 10 Year Term Extension | Options to Extend | Corporate Locations | Strong Intrinsic Value and Fundamentals | Low Rent Basis | Attractive Financing Options
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Located Along Main Retail Thoroughfare | Infrastructure & Corridor Improvements | High Traffic Counts | Strong Access & Connectivity
  • Strong Local Ranking Placer.ai | Top 33% Hobby Lobby & #1 Dunham's Sports in a 15-Mile Radius
  • Across From Brookfield Lakes Corporate Center | Nearby Multiple Shopping Centers | National Tenant Presence
  • Major Expansion at the Corners of Brookfield | Mixed-Use Development | Increased Foot Traffic
  • Brookfield Square Redevelopment | Mixed-Use Project | Healthcare and Dining Components
  • Calhoun Crossing Renovation | Modernized Retail Center | Strong Tenant Mix | Strong Demographics In Affluent 5-Mile Trade Area

Investment Overview

Hobby Lobby and Dunham’s Sports anchor this prime Brookfield retail property, with Hobby Lobby recently extending its lease for a new 10-year term and Dunham’s maintaining strong performance since relocating here in 2016. Both leases are corporate locations, feature rare rental increases, and offer a low rent basis with attractive financing options. The NNN lease structure minimizes landlord responsibilities, making this an ideal passive investment. Positioned along Bluemound Road near I-94, the site benefits from high traffic counts, affluent demographics, and proximity to major shopping centers, national retailers, and ongoing mixed-use developments—ensuring long-term stability and growth.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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