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Shops at Greenfield 4202-4208 W Greenfield Ave 11,760 SF 90% Leased Retail Building West Milwaukee, WI 53215 For Sale
Investment Highlights
- 100% Leased | Internet-Resistant Tenancy
- Shadow-Anchored by Walmart
- High Visibility & Connectivity
- Strong Recent Leasing Momentum
- Prime Retail Node Location
- Milwaukee MSA Strength | Dense Infill Demographics
Executive Summary
CBRE is pleased to present as the exclusive advisor, Shops at Greenfield, an 11,760 SF unanchored strip center directly adjacent to a Walmart Supercenter. The Property is located less than five miles from downtown Milwaukee and is strategically located in one of Milwaukee’s dominant retail corridors with numerous points of regional connectivity, enabling it to service a wide range of customers. Shops at Greenfield sits at the heart of a dynamic retail hub and benefits from a dense surrounding population and numerous national tenants.
Shops at Greenfield provide an investor with a stable cash-flowing asset that enjoys tremendous real estate fundamentals due to its premier location and visibility along Greenfield Avenue and recent leasing velocity. The Property has experienced significant leasing momentum with 75% of the total tenancy exercising renewals within the past two years. Shops at Greenfield, offers investors the opportunity to acquire a stable, well-leased retail asset at an attractive basis, supported by durable cash flow and nearby traffic driving retailers.
Shops at Greenfield provide an investor with a stable cash-flowing asset that enjoys tremendous real estate fundamentals due to its premier location and visibility along Greenfield Avenue and recent leasing velocity. The Property has experienced significant leasing momentum with 75% of the total tenancy exercising renewals within the past two years. Shops at Greenfield, offers investors the opportunity to acquire a stable, well-leased retail asset at an attractive basis, supported by durable cash flow and nearby traffic driving retailers.
Property Facts
Sale Type
Investment
Property Type
Building Size
11,760 SF
Building Class
C
Year Built/Renovated
1990/2013
NOI
$261,875
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.25
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
B5 (PUD)
Parking
50 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
676’ on West Greenfield Avenue
Amenities
- Bus Line
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 1,485 SF
- -
- -
- Sep 2029
Little Caesars began in 1959 when Mike and Marian Ilitch opened a family-owned pizza restaurant in Michigan, establishing the business that grew into Little Caesar Enterprises. The company operates a pizza restaurant chain built around carryout service and franchising, with a business model centered on simple restaurant execution and expansion through franchise ownership. Little Caesars has grown beyond its U.S. origins into a broad restaurant network with a presence across the United States and in international markets. The company provides franchise development support and related operational materials for prospective and existing operators.
- Mazaj Smoke Shop
- -
- 1,257 SF
- -
- Triple Net
- Jan 2029
- MetroPCS
- Information
- 1,200 SF
- -
- Triple Net
- Dec 2027
- NVA West Milwaukee Vet
- -
- 7,818 SF
- -
- -
- Jun 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,485 SF | - | - | Sep 2029 | |
| Mazaj Smoke Shop | - | 1,257 SF | - | Triple Net | Jan 2029 | |
| MetroPCS | Information | 1,200 SF | - | Triple Net | Dec 2027 | |
| NVA West Milwaukee Vet | - | 7,818 SF | - | - | Jun 2036 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 436-2004-000 | Improvements Assessment | $1,113,000 |
| Land Assessment | $349,500 | Total Assessment | $1,462,500 |
Property Taxes
Parcel Number
436-2004-000
Land Assessment
$349,500
Improvements Assessment
$1,113,000
Total Assessment
$1,462,500
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