12575 W Capitol Dr - Retail FOR SALE


Brookfield, WI 53005
$24,270,000 USD
801-828-0349
12575 W Capitol Dr, Brookfield, WI for Sale
$24,270,000 USD
Retail - FOR SALE
1/3
null | 8.25% Cap Rate

12575 W Capitol Dr
Brookfield, WI 53005


HIGHLIGHTS

  • 100% leased with 95% national tenants including Crunch Fitness, Ross, and Best Buy Outlet.
  • New roof replaced in 2023 with a 20-year warranty.
  • Value-add potential with Burlington’s lease ending in 2027 and strong tenant interest at higher rents.

OVERVIEW

Shoppers World is a fully leased, 178,784 SF shopping center located at the high-traffic intersection of Capitol Dr. & 124th St. in Brookfield, WI. Anchored by national tenants including Crunch Fitness, Ross, Best Buy Outlet, Burlington, and O’Reilly, the center sees 2.8 million annual visitors and benefits from a new roof (2023), strong co-tenancy, and recent lease renewals. Offered at $24.27M with an 8.25% cap rate, the asset includes a new 10-year lease with Crunch, an assumable 5.58% loan, and near-term value-add upside with Burlington’s planned 2027 vacancy and active LOIs above current rents.

FOR SALE DETAILS

PRICE

$24,270,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppers World of Brookfield

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

970

LAND DETAILS

CROSS STREETS

124th St

LAND ACRES

19.8 AC

LAND SF

862,488 SF

ZONING

B-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brandon GoodmanColliersMore Info
801-828-0349

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Brandon GoodmanColliersMore Info
801-828-0349

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