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Southfield Center 5001 S 76th St 11,145 SF 100% Leased Retail Building Greenfield, WI 53220 $6,626,740 ($594.59/SF) 6.82% Cap Rate
Investment Highlights
- Corporate Leases
- Scheduled Rent Increases
- Milwaukee MSA
- Minimal Landlord Responsibilities
- Outstanding Location
- High Traffic Counts
Executive Summary
Southfield Center occupies a highly visible and strategically positioned location along South 76th Street (State Highway 100), one of the Milwaukee metropolitan area's most heavily traveled commercial corridors and Greenfield's premier retail thoroughfare. The property benefits from outstanding accessibility, with convenient connections to Interstate 894/U.S. Highway 45, Interstate 43, Interstate 41, and Interstate 94, providing seamless access throughout Milwaukee County and the broader Southeastern Wisconsin region. The surrounding trade area is anchored by a dense concentration of national retailers, restaurants, grocery stores, healthcare providers, and professional offices, including the nearby Southridge Mall, which serves as one of the region's dominant retail destinations and attracts shoppers from across the metropolitan area. The immediate area is supported by strong residential density and an affluent, established customer base, creating consistent consumer traffic and a stable demand for retail and financial services.
Property Facts
Amenities
- Corner Lot
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- American Red Cross
- Health Care and Social Assistance
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- Accommodation and Food Services
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Five Guys began in 1986 as a family-run carry-out burger joint in Arlington, Virginia, founded by Jerry and Janie Murrell with their sons. The company focuses on made-to-order burgers, hand-cut fries cooked in peanut oil, and milkshakes, with food preparation centered on simple ingredients and in-store preparation. Five Guys has since expanded through franchising into a global fast-casual restaurant business with a presence across many markets.
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- Accommodation and Food Services
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Naf Naf was founded in 2009 and is the premium destination for fresh, authentic Middle Eastern food. Oven baked pitas, hand cut salads and freshly prepared sauces all serve as an accompaniment to award-winning shawarma and falafel. Naf Naf is a fast casual restaurant with locations in Delaware, Illinois, Minnesota, New Jersey, Ohio, Pennsylvania, Washington D.C., and Wisconsin, with more under development. Naf Naf has received industry acclaim, being named as one of the top 40 hottest startup fast causal restaurants by QSR Magazine, a Top 100 Movers and Shakers by Fast Casual for two years in a row, and a 2016 Hot Concept by Nation’s Restaurant News.
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- Retailer
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- Jun 2031
Stanton Optical began with the opening of a first store in Mishawaka, Indiana, and later became the flagship retail brand of Now Optics, a company founded in 2007. The company focuses on prescription eyeglasses, sunglasses, contact lenses, and eye exams, with in-store doctor networks, same-day glasses options, and online ordering that support a retail and digital vision-care experience. Stanton Optical designs frames, works directly with eyewear manufacturers, and operates an optical lab to customize lenses, which supports a value-oriented model built around convenience and affordability. In recent years, Now Optics has rebranded My Eyelab locations to Stanton Optical, expanding the brand within a broader eye-care portfolio.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| American Red Cross | Health Care and Social Assistance | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Retailer | - | - | Jun 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 616-0001-004 | Improvements Assessment | $1,173,100 |
| Land Assessment | $375,000 | Total Assessment | $1,548,100 |
Property Taxes
