Target | 10+yrs Remain Corp NNN 5701 N Lydell Ave 128,512 SF Retail Building Glendale, WI 53217 $16,115,000 ($125.40/SF)

5701 N Lydell Avenue presents an exclusive opportunity to acquire a generational legacy asset leased to one of the top retailers in the world, with unmatched underlying intangibles, while further mitigating risk via far-below-market rent and an acquisition price substantially below replacement cost.

Investors will acquire the fee simple interest (land and building ownership) in the 128,512-square-foot (GLA) building and 3.57-acre parcel. Target operates its flagship full-service brand store model, which is at the cutting edge of corporate growth and store design initiatives. The tenant has over 10 years of firm term remaining with an additional 10 (5-year) option periods to extend. The lease features scheduled 10% rental increases every 5 years throughout the initial term and options, growing NOI, and hedging against inflation. The lease is signed by the corporate entity (S&P: A | NYSE: TGT), and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.

As the primary anchor for Bayshore, a sprawling open-air mixed-use destination that sees more annual visitors than 96% of centers nationwide, this Target benefits from a vibrant mix of complementing establishments. Bayshore features over 60 national retail and dining brands, two luxury multifamily communities, an 18,021-square-foot coworking office, and a consistent public event schedule with activities such as cooling classes, live concerts, seasonal festivals, and more. Some of the key co-tenants include Barnes & Noble, Apple, Orvis, Trader Joe’s, First Watch, Hotworx, Nike, Kids Empire Indoor Entertainment Center.

Situated off Interstate 43, 5701 N Lydell Avenue is one of the most accessible commercial properties for the North Shore market and beyond, with daily traffic counts nearing 100,000 vehicles per day. The property is near numerous single-family communities and multifamily complexes, providing a direct consumer base. The recent $15.5 million sale of Bayshore Place in February 2026 highlights the strong investor confidence in the immediate vicinity. The 5-mile trade area is supported by more than 268,000 residents and 110,000 daytime employees. These residents report some of the highest incomes in the market, and Downtown Milwaukee is only 20 minutes away, showcasing the long-term value of this property as a local and metro-wide destination.