4820-4860 S 76th St
Greenfield, WI 53220
Outback Plaza · Retail Property For Sale

Marcus & Millichap is pleased to present for your review Outback Plaza located at 4820 South 76th Street in Greenfield, Wisconsin 53220. The property consists of 22,558 square feet of building space and sits on approximately 1.01 acres of land. The subject property is 100 percent occupied with a mix of national and local tenants including Mattress Firm, Destination XL, One Main Financial (CitiBank), WingStop, and Phoenix Salon Suites. All of the centers five tenants are currently operating under triple- net (NNN) leases. The tenants fully reimburse for common area maintenance, real estate taxes, insurance, and management fees. In addition, four of the five tenants in-place have at least two, five-year renewal options. Outback Plaza is ideally positioned on South 76th Street, a major north-south thoroughfare in the area, with 27,000 vehicles passing daily. The property has excellent visibility and access from South 76th Street. The subject property is in very close proximity to Southridge Mall, Wisconsins largest mall at 1.2 million square feet and one of the premier regional malls in metropolitan Milwaukee. Southridge Mall is eight miles from the nearest regional shopping center. New retailers to the area in the past few years include Macys, Walmart Supercenter, Chick-Fil-A, and US Cellular. Marcus Theatres (Milwaukee based company) is under construction on upgrading their cinema at Southridge Mall to their new Bistroplex which includes in-theatre dining and dreamlounger seating. The area also has a significant amount of residential density. Within three miles the population is over 103,000 and within five miles the population is over 293,000.