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Investment Highlights

  • Grocery Anchored Property (Piggly Wiggly) and Three Outlots
  • Corporate Lease | Piggly Wiggly is a Wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation’s Largest Grocery Distributors
  • Signalized Intersection (31,500 Vehicles per Day) | Just Off Interstate 94/43 (127,000 Vehicles per Day)
  • Proven Tenant Roster With Strong Tenure: Piggly Wiggly (14.92 years), Goodwill (13.50 years), AutoZone (8.75 years), and Rosati’s Pizza (8.33 years)
  • Dunkin’ Began a 10 Year Term in February 2026 | Additional Tenants with Strong Remaining Lease Term, Including Planet Fitness (Over 8 Years) and AT&T
  • 97 Percent Occupied with All Tenants on Net Leases; Two Remaining Suites Totaling 3,188 Square Feet of Vacancy Offer Additional Upside Potential

Executive Summary

This grocery-anchored property features a long-standing Piggly Wiggly supported by three outlots and a highly stable tenant mix. The center is 97 percent occupied with all tenants on net leases, and the remaining 3,188 square feet vacancy offers modest upside. Tenancy is exceptionally durable, with anchor Piggly Wiggly in place nearly 15 years, alongside long-term operators such as Goodwill, AutoZone, and Rosati’s Pizza. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors, and this location is currently undergoing a substantial interior renovation. Recent momentum includes a new 10-year Dunkin’ lease that commenced in early 2026, while Planet Fitness and AT&T continue to provide strong lease-term depth, with five to eight years remaining. Strategically positioned at a signalized intersection just off Interstates 94/43, the property benefits from high daily traffic counts and excellent accessibility. It sits within a dense, amenity-rich corridor surrounded by major retail drivers, including Holt Plaza, Target, and The Home Depot, all of which attract significant annual visitation. The trade area is heavily populated with strong household incomes, substantial daytime employment, and multiple nearby schools, reinforcing consistent consumer traffic and long-term demand.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
99,696 SF
Building Class
B
Year Built
1985
Price
$13,570,000
Price Per SF
$136.11
Cap Rate
7%
NOI
$950,238
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.27
Lot Size
8.42 AC
Zoning
LB-2
Parking
350 Spaces (3.51 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,154-3,188 SF
  • Retail
  • -
  • Now

Outlot Building

Space Size Space Use Position Available
1st Floor 1,154-3,188 SF Retail - Now

1st Floor

Size
1,154-3,188 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,154-3,188 SF
Space Use Retail
Position -
Available Now

Outlot Building

Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Huntington National Bank
Pick 'n Save
CrossFit
C & R Market
BMO
Snap Fitness 24/7

Property Taxes

Property Taxes

Parcel Number
537-0702-000-4
Land Assessment
$398,700
Improvements Assessment
$8,086,300
Total Assessment
$8,485,000
  • Listing ID: 40438160

  • Date on Market: 5/7/2026

  • Last Updated:

  • Address: 123 W Oklahoma Ave, Milwaukee, WI 53207

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