5001 S 76th St - Freestanding FOR SALE


Greenfield, WI 53220
$6,650,000 USD
480-221-4221
5001 S 76th St, Greenfield, WI for Sale
$6,650,000 USD
Freestanding - FOR SALE
1/10
null | 6.75% Cap Rate

5001 S 76th St
Greenfield, WI 53220


HIGHLIGHTS

  • New 10-Year Leases | Scheduled Rental Increases | 100% Occupied | NNN Leases | Brand New Construction
  • Hard Corner Intersection | Excellent Visibility | Quick Access to Interstate 43 (138,000 VPD)
  • Across From Southridge Mall | National/Credit Tenants
  • Strong Demographics in the Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in Southfield Center, a 100% occupied, e-commerce resistant, food and services-based investment property located in Greenfield, WI (Milwaukee MSA). Southfield Center features a strong, diversified tenant line up of Five Guys, Naf Naf Grill, Banfield Pet Hospital, and Stanton Optical. All tenants recently executed brand new 10-year leases with 2 (5-year) options to extend, demonstrating their commitment to the site. All leases feature rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. Additionally, each tenant operates under a NNN lease structure, limiting expense leakage for a future investor. The building features state-of-the art, brand new construction with modern amenities and design.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southfield Center | 100% Occupied | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

Commercial

APN/PARCEL ID

616-0001-004

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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