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Noodles & Company and Mad Chicken 2725-2735 W Oklahoma Ave 3,885 SF 100% Leased Retail Building Milwaukee, WI 53215 $1,750,000 ($450.45/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Top Performing Noodles & Company: Ranked #2 nationwide (out of 413 stores) and #1 in Wisconsin, with 20+ years of operating history at this site.
- Long-Term Tenancy: Noodles operating since 2003; Mad Chicken recently extended lease through January 2031.
- Stable Two-Tenant Net Lease: 100% occupied by Noodles & Company (NASDAQ: NDLS) and Mad Chicken (WI-based regional chain with 20+ stores).
- Adjacent to Aurora St. Luke’s Medical Center (970+ beds, 4,000 employees), plus nearby Maynard Steel and Carmen High School.
EXECUTIVE SUMMARY
Mid-America Real Estate – Wisconsin is pleased to present the exclusive offering of a 100% occupied, two-tenant retail building located at 2735 W. Oklahoma Avenue, Milwaukee, WI. The property is anchored by Noodles & Company (#2 ranked location nationally per Placer.ai, #1 in Wisconsin) alongside Mad Chicken, a fast-growing regional brand with 20+ locations across nine states.
The building totals 3,885 SF on 0.33 acres and benefits from a prime location along Oklahoma Avenue and South 27th Street (combined 47,800+ vehicles per day). The site offers long-term stability with established tenancy since 2003, recent lease extensions, and contractual rental escalations. Both tenants operate under landlord-friendly NN+ leases with CAM, tax, and insurance reimbursement.
Situated in Milwaukee’s south side trade area, the property draws from 400,000+ residents within 5 miles and a strong employment base anchored by Aurora St. Luke’s Medical Center across the street. Nearby retail anchors include Walmart Supercenter, Chipotle, Starbucks, Buffalo Wild Wings, and Burger King, driving consistent cross-shopping traffic.
The building totals 3,885 SF on 0.33 acres and benefits from a prime location along Oklahoma Avenue and South 27th Street (combined 47,800+ vehicles per day). The site offers long-term stability with established tenancy since 2003, recent lease extensions, and contractual rental escalations. Both tenants operate under landlord-friendly NN+ leases with CAM, tax, and insurance reimbursement.
Situated in Milwaukee’s south side trade area, the property draws from 400,000+ residents within 5 miles and a strong employment base anchored by Aurora St. Luke’s Medical Center across the street. Nearby retail anchors include Walmart Supercenter, Chipotle, Starbucks, Buffalo Wild Wings, and Burger King, driving consistent cross-shopping traffic.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,885 SF
Building Class
B
Year Built
2003
Price
$1,750,000
Price Per SF
$450.45
Cap Rate
6.65%
NOI
$116,410
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.33 AC
Zoning
LB2
Parking
30 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
-
$9.99
-
Jan 0000
Noodles & Company opened its first restaurant in Denver, Colorado in 1995, offering noodle and pasta dishes with the goal of delivering fresh ingredients and flavors from around the world under one roof -from Pad Thai to Mac & Cheese. The brand was founded on the core principle that good food can be served quickly and conveniently in an inviting atmosphere without sacrificing quality, freshness or flavor, all at a value-oriented price point! Today, Noodles & Company delivers on that core principle across hundreds of restaurants and in dozens of states in the U.S. every bowl, every guest, every time.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | $9.99 | Jan 0000 |
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 533-0792-000-6 | Improvements Assessment | $658,300 |
| Land Assessment | $141,600 | Total Assessment | $799,900 |
PROPERTY TAXES
Parcel Number
533-0792-000-6
Land Assessment
$141,600
Improvements Assessment
$658,300
Total Assessment
$799,900
CONTACTS
-
Dan Rosenfeld -
Andrew Lund -
Tanner Rosen -
Mid-America Real Estate – Wisconsin, LLC
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Noodles & Company and Mad Chicken | 2725-2735 W Oklahoma Ave
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