Retail

Midtown Shopping Center - Milwaukee, WI

5700 W Capitol Dr Milwaukee, WI United States 53216-2200
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2002
Building Area Net
Occupancy 78.0 %

Asset Description

Midtown Shopping Center is Pick N Save (Kroger) Anchored Center in the Milwaukee MSA. Pick N Save recently accepted a contractual renewal option ($2/sf rent increase) extending term through 2027. Midtown is currently 78% leased with opportunity to reach a double digit 5-year CAGR. Other tenants include Planet Fintess, Planet Fitness, FireStone, Children’s Hospital, and Davita Dialysis.

Investment Highlights

  • High-Performing Grocer | $535/SF
  • 10.7% 5-Year CAGR
  • Value Add Opportunity with 11 Vacant Suites and 50,943 SF of Vacancy
  • Free & Clear Offering
  • Recent Grocer Extension - Pick N Save Recently Accepted 5 Year Contractual Renewal Option ($2/sf Rent Increase) at No Additional Cost
  • Exit Flexibility - 10 Separate Buildings Provides investors with optionality to exit the asset in separate transactions
Last Updated Date: 25 Aug 2022

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Last Updated Date: 25 Aug 2022

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