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The Learning Experience 2031 Meadow Ln 10,087 SF Retail Building Pewaukee, WI 53072 $5,850,000 ($579.95/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 20-year lease featuring above market 1 1% rental increases every 5 years
- 2024 build-to-suit construction with 20-year roof warranty in place
- Affluent demos – $115K average household incomes and 105K residents in a 5-mile radius
- Corporate guaranty from tenant’s parent company – The Learning Experience Corp. (see below)
- Significant nine-figure estimated sales - $700M in FY 2023
EXECUTIVE SUMMARY
A 20-year corporate Learning Experience featuring above market 11% rental increases every 5 years throughout the base term and options. Subject property is ideally located along the I-94 interchange (83,000+ VPD) and surrounded by numerous national retailers driving traffic to the direct trade area including Metro Market (Kroger), Walgreens, CVS, Starbucks, Culver’s, and Panda Express.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,087 SF
Year Built
2024
Price
$5,850,000
Price Per SF
$579.95
Cap Rate
7.50%
NOI
$438,785
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.99 AC
NEARBY MAJOR RETAILERS
1 of 3
VIDEOS
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The Learning Experience | 2031 Meadow Ln
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