Northpark Village
US - Lubbock, TX
HK$79,642,000 | 70,479 sf
Retail
Under Contract
Midtown Shopping Center - Milwaukee, WI
5700 W Capitol Dr, Milwaukee, WI, 53216-2200, US
Gallery
Asset Description
Midtown Shopping Center is Pick N Save (Kroger) Anchored Center in the Milwaukee MSA. Pick N Save recently accepted a contractual renewal option ($2/sf rent increase) extending term through 2027. Midtown is currently 78% leased with opportunity to reach a double digit 5-year CAGR. Other tenants include Planet Fintess, Planet Fitness, FireStone, Children’s Hospital, and Davita Dialysis.
Attributes
Building area Net
63,457 sf
Occupancy
78.00%
Year built
2002
Investment Highlights
- High-Performing Grocer | $535/SF
- 10.7% 5-Year CAGR
- Value Add Opportunity with 11 Vacant Suites and 50,943 SF of Vacancy
- Free & Clear Offering
- Recent Grocer Extension - Pick N Save Recently Accepted 5 Year Contractual Renewal Option ($2/sf Rent Increase) at No Additional Cost
- Exit Flexibility - 10 Separate Buildings Provides investors with optionality to exit the asset in separate transactions
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
26 Jan 2023