12132 W Capitol Dr - Retail FOR SALE


Wauwatosa, WI 53222
$7,500,000 USD
602-625-8338
12132 W Capitol Dr, Wauwatosa, WI for Sale
$7,500,000 USD
Retail - FOR SALE
1/5
null | 7.24% Cap Rate

12132 W Capitol Dr
Wauwatosa, WI 53222


HIGHLIGHTS

  • 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years
  • 100% of current leases are NNN
  • Strong tenant mix with national credit tenants
  • Outparcel to Home Depot in strong retail area
  • Located within the Milwaukee MSA with over 1.5 million residents
  • Just 10 miles from downtown Milwaukee

OVERVIEW

Retail Investment Group is pleased to be the exclusive listing brokerage for Stratford Plaza Retail Center in Wauwatosa, WI. This ±25,725 SF class A retail center and is over 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years. An outparcel to Home Depot, this center is located right off of the Interstate 41 with over 150,000 vehicles per day. Very stable investment. Majority of all the tenants have been at this location for over 10 years. Advance Auto and Sherwin Williams represent 41% of the center and 36% of the income. All leases are triple net. Parking lot scheduled for replacement July 2024. Originally built in 2005, Stratford Plaza has a low maintenance brick exterior.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Home Depot Retail Center Outparcel

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

123

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

C

APN/PARCEL ID

257-9994-008

ASK ABOUT THIS PROPERTY

Steven DavisRetail Investment Group, LLCMore Info
602-625-8338

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Steven DavisRetail Investment Group, LLCMore Info
602-625-8338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.