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Oakbridge Retail Center 7940-7968 Tree Ln 54,364 SF 100% Leased Retail Building Madison, WI 53717 $9,500,000 ($174.75/SF) 7.25% Cap Rate
Investment Highlights
- 100% Occupied with All Triple Net Leases and a WALT of Over Six Years
- 68.8% of the Rent Roll has Occupied Since 2011 or Earlier
- Strong Demographics: Over 157K Residents in Five Miles with Average Household Income of $117K
- Brothers Main and Rocky Rococo Occupy 45.9% of the Building and Recently Signed 10 Year Extensions
- Approximately $300,000 in CapEx Done Since 2020
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
54,364 SF
Building Class
B
Year Built/Renovated
1988/2000
Price
$9,500,000
Price Per SF
$174.75
Cap Rate
7.25%
NOI
$688,801
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
4.31 AC
Zoning
CC
Parking
185 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
408’ on Mineral Point Rd
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0708-233-0901-2 | Improvements Assessment | $3,114,500 |
| Land Assessment | $2,230,000 | Total Assessment | $5,344,500 |
Property Taxes
Parcel Number
0708-233-0901-2
Land Assessment
$2,230,000
Improvements Assessment
$3,114,500
Total Assessment
$5,344,500
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Oakbridge Retail Center | 7940-7968 Tree Ln