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N79W14700 Appleton Ave 11,609 SF 100% Leased Retail Building Menomonee Falls, WI 53051 $4,000,000 ($344.56/SF) 5.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Stabilized income profile with an implied cap rate of approximately 5.05% at the asking price.
- Efficient footprint and visibility appropriate for neighborhood-serving medical and retail uses.
- Site size offers operational flexibility; any future modifications or expansions subject to zoning and due diligence.
- Multi-tenant configuration supports diversified cash flow and reduces reliance on a single tenant.
- Price point and yield suitable for private buyers, 1031 exchange investors, and family offices seeking durable cash flow.
EXECUTIVE SUMMARY
Newmark is pleased to bring this exclusive listing to market. This offering is a multi-tenant medical/retail property totaling 11,609 square feet on approximately 0.65 acres in Menomonee Falls, Wisconsin. The asset provides diversified cash flow from multiple suites and positions an investor to acquire stabilized income in a mature suburban submarket within the Milwaukee metropolitan area.
At a purchase price of $4,000,000 and an NOI of $202,026, the asset offers immediate income with a basis of approximately $344 per square foot. The property’s scale and tenancy mix align with steady, necessity-driven demand typically found in established suburban corridors. This makes the asset a fit for investors prioritizing predictable yield and balanced risk at the small-to-mid cap end of the medical/retail spectrum.
At a purchase price of $4,000,000 and an NOI of $202,026, the asset offers immediate income with a basis of approximately $344 per square foot. The property’s scale and tenancy mix align with steady, necessity-driven demand typically found in established suburban corridors. This makes the asset a fit for investors prioritizing predictable yield and balanced risk at the small-to-mid cap end of the medical/retail spectrum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,609 SF
Building Class
B
Year Built
2013
Price
$4,000,000
Price Per SF
$344.56
Cap Rate
5.05%
NOI
$202,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.65 AC
Zoning
C-1 - Neighborhood Business
Parking
24 Spaces (2.07 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MNFV-0053-968-001 | Improvements Assessment | $1,936,800 |
| Land Assessment | $772,400 | Total Assessment | $2,709,200 |
PROPERTY TAXES
Parcel Number
MNFV-0053-968-001
Land Assessment
$772,400
Improvements Assessment
$1,936,800
Total Assessment
$2,709,200
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N79W14700 Appleton Ave
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