This property is Off-Market
9201 W. Capitol Drive
Milwaukee, WI 53222 ·
5,516 SF · Retail For Sale
GEORGE WEBB PLAZA
|Building Size||5,516 SF||No. Stories||1|
|Property Sub-type||Retail (Other)||Property on Ground Lease?||Yes|
|Property Use Type||Net Lease Investment with 4 years left on lease||Year Built||1987|
|Cap Rate||8%||Lot Size||16,020 SF|
|Listing ID: 15629429||Date Created: 03/24/2008||Last Updated: 07/14/2009|
We are pleased to present this multi-tenant retail
investment located at 9201 W. Capitol Dr. in Milwaukee, WI. This
property features approximately 5,516 square feet of space occupying
two separate buildings on one corner lot.
This tenant mix includes H & R Block Tax Services, George Webb
Restaurants, a successful local franchised restaurant concept, Wong's
Kitchen, and Wisconsin Hearing Aid.
The subject is offered at an 8.47 Cap Rate on year one NOI after
management fees of less than $2,000 and a 5% vacancy factor.
This property anchors a retail node on the corner of Capitol Dr. & 91st
Street. Capitol Drive is one of Milwaukee's most heavily traveled
commercial corridor, boasting over 35,000 vehicles daily. Capitol Dr is
the home to many professional service such as medical, physical
therapy, and legal/accounting firms.
- Attractive Face Brick Exterior
- Ease of Management with Four Tenants
- Located on Primary Commercial Corridor
- Two Restaurants on Premises
- Area Supports Over a Dozen National & Local Restaurants
- A Stable Location for over 20 Years!
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