2726 Hillside Dr
Delafield, WI 53018
Hillside Terrace Shopping Center · Retail Property For Sale

Easily Accessible Location - The Property is located a half-mile south of Interstate 94, which provides access to Milwaukee to the east and Madison to the west. The Property is located approximately two miles southeast of Downtown Delafield and is adjacent to the Timber Ridge Estates, the Meadows of Delafield, Fairfield, Carlton Ridge, Twin Oaks, and Hickory Hills residential communities. Excellent Retail Corridor - The Property is located in the primary retail corridor of Delafield, at the intersection of State Highway 83 (Scuppernong Drive) and Hillside Drive. The intersection experiences traffic counts in excess of 17,000 vehicles per day. Additionally, major neighboring tenants including Walmart Supercenter, Home Depot, and the local cinema help drive consumers to the area. Affluent Surroundings - The Property is well-located in an affluent area. Within a five-mile radius of the Property, the estimated population is 44,000 and the average household income is approximately $116,940. Offering Below Replacement Cost - The Property is institutionally built and is only 15 years old. The offering represents the opportunity to acquire the asset well below replacement cost.   Diverse Tenant Mix - The tenant mix ranges from national tenants such as Jimmy Johns, Pizza Hut, and GameStop to local tenants including medical professionals, a shoe shop, a salon, and a coffee shop.   Stabilized Asset - With an occupancy of 100%, the offering provides an excellent opportunity to acquire a stabilized asset at a low basis. Trailing-12 performance as of January 2018 recorded an in-place NOI of approximately $374,000. Staggered Tenant Roll - The tenant rollover is currently spread out across future years, allowing for an investor to lease the suites, if they come available, and not lose significant cash flow.