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Southport Plaza Outlot | Starbucks & Cleaners 6906 Green Bay Rd 4,242 SF 100% Leased Retail Building Kenosha, WI 53142 $2,600,000 ($612.92/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- + NEW 10-YEAR CORPORATE LEASES
- + SOUTHPORT PLAZA OUTLOT: The Site is located within the Southport Plaza, a 371,361-square-foot community center
- + DENSE, AFFLUENT CUSTOMER BASE
- + INVESTMENT GRADE TENANT: Starbucks
- + UNMATCHED VISIBILITY: The Site is ideally situated with 240 feet of visibility from Green Bay Road with 65,8000 VPD
EXECUTIVE SUMMARY
CBRE’s Net Lease Property Group is pleased to extend the opportunity to acquire 6906 Green Bay Road in Kenosha, Wisconsin.
6906 Green Bay Road is a 4,242 SF, two-tenant retail outparcel positioned at a high-visibility node in Kenosha. The building is leased to Starbucks (with drive-thru) and CD One Price Cleaners, both under new 10-year leases that feature built-in escalations and no termination rights.
The Property is strategically located within Southport Plaza, a 371,361-square-foot grocery-anchored community center. The Center attracts shoppers from a large region due to its heavy concentration of national box retailers, including Fresh Thyme, Kohl’s, Petco, Hobby Lobby, and Harbor Freight Tools. Many of its tenants operate their only store in the Kenosha market at this location, ensuring strong synergistic foot traffic, brand pull, and trade area stability.
Situated along Green Bay Road, a high-traffic corridor with over 30,000 vehicles per day, the Property offers excellent visibility and accessibility, just north of 75th Street (35,000 VPD). The Center benefits from a robust trade area, with a daytime population of 117,649 and an average household income of $98,488 within a five-mile radius, alongside a residential population of 120,373.
6906 Green Bay Road is a 4,242 SF, two-tenant retail outparcel positioned at a high-visibility node in Kenosha. The building is leased to Starbucks (with drive-thru) and CD One Price Cleaners, both under new 10-year leases that feature built-in escalations and no termination rights.
The Property is strategically located within Southport Plaza, a 371,361-square-foot grocery-anchored community center. The Center attracts shoppers from a large region due to its heavy concentration of national box retailers, including Fresh Thyme, Kohl’s, Petco, Hobby Lobby, and Harbor Freight Tools. Many of its tenants operate their only store in the Kenosha market at this location, ensuring strong synergistic foot traffic, brand pull, and trade area stability.
Situated along Green Bay Road, a high-traffic corridor with over 30,000 vehicles per day, the Property offers excellent visibility and accessibility, just north of 75th Street (35,000 VPD). The Center benefits from a robust trade area, with a daytime population of 117,649 and an average household income of $98,488 within a five-mile radius, alongside a residential population of 120,373.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,242 SF
Building Class
B
Year Built/Renovated
1995/2025
Price
$2,600,000
Price Per SF
$612.92
Cap Rate
6.75%
NOI
$175,479
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Zoning
B-1 - B-2: Community Business District
Parking
25 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
237’ on Green Bay Rd
AMENITIES
- Restaurant
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CD One Price Cleaners
- Retailer
- 1,313 SF
- -
- Triple Net
- Mar 2046
- Starbucks
- Retailer
- 2,457 SF
- -
- Triple Net
- Aug 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CD One Price Cleaners | Retailer | 1,313 SF | - | Triple Net | Mar 2046 | |
| Starbucks | Retailer | 2,457 SF | - | Triple Net | Aug 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-122-03-324-008 | Improvements Assessment | $456,900 |
| Land Assessment | $550,000 | Total Assessment | $1,006,900 |
PROPERTY TAXES
Parcel Number
03-122-03-324-008
Land Assessment
$550,000
Improvements Assessment
$456,900
Total Assessment
$1,006,900
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Southport Plaza Outlot | Starbucks & Cleaners | 6906 Green Bay Rd
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