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10725 W Greenfield Ave 13,986 SF Retail Building West Allis, WI 53214 $1,930,000 ($138.00/SF) 7.25% Cap Rate
EXECUTIVE SUMMARY
The Opportunity
CBRE is offering to qualified investors the opportunity to purchase 100% fee-simple interest in a freestanding single-tenant retail property leased to and occupied by Dollar Tree Stores, Inc. located at 10725 West Greenfield Avenue in West Allis, Wisconsin (the “Property”).
The Market
The Property is located on the hard corner of a prominent intersection at Greenfield Avenue and 108th Street in West Allis, Wisconsin, approximately eight miles west of downtown Milwaukee. Traffic at the intersection averages 81,000 vehicles per day. West Allis is a residential and business-oriented community in the center of the Milwaukee – Waukesha - West Allis MSA with a labor force exceeding 825,000 workers and an unemployment rate under 3%.
The Operation
Tenant maintains the building, utilities, parking lot, and landscaping at its cost. Landlord is responsible for repairs and replacement of the roof, structure, sprinklers and fire alarm system, parking lot, and landscaping, if needed. Tenant reimburses 100% of Real Estate Taxes for the Property. Tenant maintains liability insurance for the Property and reimburses Landlord for 100% of the property insurance cost.
CBRE is offering to qualified investors the opportunity to purchase 100% fee-simple interest in a freestanding single-tenant retail property leased to and occupied by Dollar Tree Stores, Inc. located at 10725 West Greenfield Avenue in West Allis, Wisconsin (the “Property”).
The Market
The Property is located on the hard corner of a prominent intersection at Greenfield Avenue and 108th Street in West Allis, Wisconsin, approximately eight miles west of downtown Milwaukee. Traffic at the intersection averages 81,000 vehicles per day. West Allis is a residential and business-oriented community in the center of the Milwaukee – Waukesha - West Allis MSA with a labor force exceeding 825,000 workers and an unemployment rate under 3%.
The Operation
Tenant maintains the building, utilities, parking lot, and landscaping at its cost. Landlord is responsible for repairs and replacement of the roof, structure, sprinklers and fire alarm system, parking lot, and landscaping, if needed. Tenant reimburses 100% of Real Estate Taxes for the Property. Tenant maintains liability insurance for the Property and reimburses Landlord for 100% of the property insurance cost.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,986 SF
Building Class
B
Year Built
1999
Price
$1,930,000
Price Per SF
$138.00
Cap Rate
7.25%
NOI
$139,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.48 AC
Zoning
C-3 - Community Commercial
Parking
90 Spaces (6.44 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 449-9983-002 | Improvements Assessment | $591,100 |
| Land Assessment | $868,400 | Total Assessment | $1,459,500 |
PROPERTY TAXES
Parcel Number
449-9983-002
Land Assessment
$868,400
Improvements Assessment
$591,100
Total Assessment
$1,459,500
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10725 W Greenfield Ave
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