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Bank of America - Greendale, WI 5240 76th st 4,255 SF Retail Building Greendale, WI 53129 $4,040,000 ($949.47/SF) 5% Cap Rate

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Investment Highlights

New 2026 Construction Bank of America | Original 15-Year Ground Lease with Three, Five-Year Renewal Options.
Shadow Anchored by Southridge Mall, #1 Most Visited Super-Regional Mall in WI | Southridge is Slated for Long-Term Mixed-Use Redevelopment.
Frontage Along S 76th Street, Which Sees 32,400 Vehicles Per Day | 1.1 Miles from Interstate 43/41, Which Sees 131,000 Vehicles Per Day.

Corporately Guaranteed by Bank of America, N.A.
Part of a Major Retail Corridor | Across the Street from Walmart Supercenter, Which Attracts 1.7 Million Annual Visitors (Placer.ai).
8,718 People Live Within a Mile Radius and 94,149 People Live Within a Three-Mile Radius.

Executive Summary

Investors are offered the opportunity to acquire a brand new 2026 construction Bank of America ground lease located in the highly desirable Milwaukee suburb of Greendale. The Greendale location is part of Bank of America’s recent expansion in the Milwaukee market with five new branches in various stages of development. Bank of America, N.A. holds a best-in-class credit rating of “A+” from Standard & Poor’s. The property is Bank of America’s newest prototype building and features 10 percent rental increases every five years. Bank of America benefits from its shadow anchor, Southridge Mall, the #1 most visited super-regional mall in Wisconsin, which attracts 7.6 million annual visitors and is planned for long-term mixed-use redevelopment. The property is strategically positioned along a high-traffic corridor with 32,400 vehicles per day and benefits from immediate access to Interstate 43/41 (131,000 vehicles per day). The 76th Street corridor is one of the Milwaukee MSA’s most dominant retail destinations, featuring retailers such as Walmart Supercenter, Chick-fil-A, Starbucks, Raising Cane’s, Sendik’s and multiple top performing shopping centers. The immediate area is incredibly dense and affluent with over 94,000 residents and 77,000 employees within a three-mile radius. The average household income exceeds $96,000 within a one-mile radius.

BofA Greendale Costar brochure