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Target | 10+yrs Remain Corp NNN 5701 N Lydell Ave 128,512 SF Retail Building Glendale, WI 53217 $16,115,000 ($125.40/SF) 5% Cap Rate

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Investment Highlights

Over 10 Years Remaining on Lease | Scheduled Rental Increases | Corporate Signed Lease | Below Market Rent | Established Brand
Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area
Dense Trade Area | Anchor to High-Performing Center | Strong National/Credit Tenant Presence | Milwaukee MSA

NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Full-Service Brand Store Model | Continued Growth Initiatives

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, investment grade (S&P: A), Target investment property located in Glendale, WI (Milwaukee MSA). 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. The subject property affords an investor the rare opportunity to acquire a generational legacy asset leased to one of the premier retailers in the world, with unmatched underlying intangibles, while further mitigating risk with far-below market rent and an acquisition price substantially below replacement cost.