18355-18375 W Bluemound Rd
Brookfield, WI 53045
Carrabba's/Bonefish: Brookfield, WI · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 12,114-square-foot building that is 100% occupied by Carrabba' s Italian Grill and Bonefish Grill situated on a 3.68-acre parcel in Brookfield, Wisconsin. Situated just 15 miles west of Milwaukee (MSA Population: 1.57 million), Brookfield, Wisconsin is the third largest city in Waukesha County and is a popular upscale bedroom community of Milwaukee. At closing, Carrabba' s and Bonefish will execute new 10-year absolute NNN leases with four 5-year options to renew and 1.00% annual rent increases. This investment offers investors the opportunity purchase a net leased asset leased on a long-term NNN basis to two brands owned by one of the country' s premier casual dining restaurant operators. The property is ideally located with convenient access to I-94 (Traffic Count: 125,000 VPD) and excellent visibility and access on Bluemound Road (Traffic Count: 36,100 VPD), which is a major east-west thoroughfare and provides direct access to both Milwaukee and Waukesha. The site also shares access with the corporate headquarters of Fiserv (one of the county' s largest employers) via Fiserv Drive which ties directly into a larger office park, providing Carrabba' s and Bonefish with a substantial built-in customer base. In addition, there are more than 5.9 MSF of office space, 52,000 daytime employees and 10 office parks within a 3-mile radius of the property which are home to major tenants such as Xerox, Wells Fargo, Tomahawk Timberland, Hammes Company and Hydrite Chemical Co. In addition, the parcel is ideally positioned within the area' s dominant retail & commercial corridor with 6.6 MSF retail, 7.5 MSF of industrial space and 4,114 multifamily units within a 3-mile radius.