Home Depot Retail Center Outparcel
25,725 SF | 100% Leased | Retail Building | Wauwatosa, WI 53222 | $7,500,000 ($292/SF) | 7.24% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,500,000
- Property Type
-
Retail
- Square Feet
- 25,725 SF
- Price / Square Foot
- $292
Listing Contacts
Steven Davis
Verified Profile
- Property Info
Property Overview
Retail Investment Group is pleased to be the exclusive listing brokerage for Stratford Plaza Retail Center in Wauwatosa, WI.
This ±25,725 SF class A retail center and is over 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years. An outparcel to Home Depot, this center is located right off of the Interstate 41 with over 150,000 vehicles per day.
Very stable investment. Majority of all the tenants have been at this location for over 10 years.
Advance Auto and Sherwin Williams represent 41% of the center and 36% of the income.
All leases are triple net. Parking lot scheduled for replacement July 2024. Originally built in 2005, Stratford Plaza has a low maintenance brick exterior.
This ±25,725 SF class A retail center and is over 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years. An outparcel to Home Depot, this center is located right off of the Interstate 41 with over 150,000 vehicles per day.
Very stable investment. Majority of all the tenants have been at this location for over 10 years.
Advance Auto and Sherwin Williams represent 41% of the center and 36% of the income.
All leases are triple net. Parking lot scheduled for replacement July 2024. Originally built in 2005, Stratford Plaza has a low maintenance brick exterior.
Property Details
- Class
- B
- Year Built
- 2005
- Stories
- 1
- Lot Size (sq. ft)
- 129,809 SF
Highlights
- 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years
- 100% of current leases are NNN
- Strong tenant mix with national credit tenants
- Outparcel to Home Depot in strong retail area
- Located within the Milwaukee MSA with over 1.5 million residents
- Just 10 miles from downtown Milwaukee
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