Chase Avenue Plaza
2960 South Chase Avenue, Milwaukee, WI, 53207, US
¥743,033,000 | 2,740 sm
Asset description
- SE Corner of Capitol Drive & 124th Street - Brookfield, Wisconsin
- Anchors: Best Buy Outlet, Ross Dress For Less, Burlington Coat Factory, Crunch Fitness
- Shadow Anchor: Metro Market
...
Attributes
Building area net
16,610 sm
Occupancy
100%
NOI
¥310,891,000
Media
Investment highlights
Minimal Capital Expenditures
- Recent rood replacement
Stable, Credit Tenant Line-Up With A WALT of 5 Years
- 95% of GLA is leased to National Tenancy
- 37% of GLA is leased to Credit Tenancy
High Performing Tenancy Within Exceptionally Tight Submarket
- Reporting Anchor / Junior Anchor health ratios of sub 10%
- No available junior anchor vacancy within 5-mile of the asset
Recent Leasing Monument I Three (3) New Leases Totaling 93,528 SF Since 2022
- New 10-year lease with Crunch Fitness - 54,756 SF
- New 5-year lease with Best Buy Outlet - 34,872 SF
- New 5-year lease with Leslle's Pool Supply - 3,900 SF
Dominant Investment Grade Shadow Tenants
- Shadow Metro Market (Kroger) is the 2nd most trafficked grocer within the chain and in the 99th percentile of grocers nationwide - 1.8M annual visitors
- Shadow Chick Fil A draws a supplemental +330 synergistic consumers to area
Contact brokers
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Last updated
Sep 25, 2024
