Under Contract

Midtown Shopping Center - Milwaukee, WI

5700 W Capitol Dr, Milwaukee, WI, 53216-2200, US

Midtown Shopping Center - Milwaukee, WI_Property for Sale


Midtown Shopping Center - Milwaukee, WI 2_Property for Sale

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.


Building area Net
63,457 sf
Year built

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
Midtown Shopping Center - Milwaukee, WI 4_Property for Sale
Midtown Shopping Center - Milwaukee, WI 4_Property for Sale

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Last updated
Jan 26, 2023