Northpark Village
US - Lubbock, TX
$10,146,000 | 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
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Last updated
Jan 26, 2023