5333 N Port Washington Rd
Glendale, WI 53217
Glendale Retail Center · Retail Property For Sale

INTERNET-PROOF & CORPORATE TENANT LINE-UP: The subject features three corporately owned tenants including Cousins Subs (Drive-Thru), Noodles & Company, and Team Rehab. Tenants are on long-term leases, all of which are serviced based, making the center virtually “internet proof”. NEW CONSTRUCTION: The 7,153 square foot building was completed in 2016. The new construction is aesthetically pleasing, and should limit a Buyer’s capital expenditures over their hold period. STABLE INCOME STREAM: Cousins Subs has a long operating history at the property of over 29 years, and recently signed a new lease with the current owner when they redeveloped their former freestanding building into a new three tenant center. All three tenants signed new long-term leases with rent bumps, which provides a buyer with a stable and accretive income stream. DENSE DEMOGRAPHIC PROFILE: Glendale caters to an extremely dense upper middle-income population and one of the strongest demographic profiles in the Milwaukee MSA. Within a 3 and 5-mile radius of Glendale Retail Center there are residential populations of 122,409 and 327,409. REGIONAL RETAIL LOCATION: The Glendale Retail Center is positioned in the heart of Glendale, Wisconsin, which is one of the North Shore communities of Milwaukee. Located just ten miles north of Milwaukee, the subject property is strategically located at a controlled intersection at the corner of Lexington Boulevard and Port Washington Road. It is located less than a mile south of Bayshore Town Center; a 1.3 million square foot premier mixed-use development that is home to more than 125 fashion and specialty retailers and draws consumers to the larger trade area. EXCELLENT VISIBILITY AND ACCESSIBILITY: Glendale Retail Center features exceptional visibility from Port Washington Road and Interstate 43. Port Washington Road is the main North/South thoroughfare in Glendale that runs through the North Shore communities of Milwaukee, connecting the subject property to all the surrounding residential neighborhoods. Interstate 43 runs along the west side of the center and has traffic counts of nearly 142,000 vehicles per day. Accessibility to the center is provided by Port Washington Road and Lexington Boulevard. Asking Price: $3,340,000 CAP Rate: 6.5% Year 1 NOI: $217,079