Price Upon Req.95,118 SF
Auction.com and Mid-America Real Estate-Wisconsin LLC present the opportunity to acquire Highland Plaza located at 8530-8564 & 8600 Brown Deer Road in Milwaukee, Wisconsin. Highlands Plaza is a retail shopping center that was built in 1985, renovated in 2007, and is comprised of 95,118 SF on 7.58 acres. The property is constructed of masonry, wood and steel on a concrete slab foundation and is divided into sixteen (16) retail/office storefronts. Retail spaces vary in size ranging from 1,215 SF to 20,615 SF. The property is currently 67.17% occupied by national retailers such as Half Price Books, Octapharma Plasma Inc, K&G Fashion and House of Fashion. In May 2015, Octapharma Plasma Inc. executed a new 10 year lease commencing January 2016 with 3 options to renew for a total of 15,900 SF or 16.72% of Highland Plaza. Octapharma Plasma is a U.S.-based company that collects plasma used to create life-saving medicines for patients around the world with more than 45 donation centers and over 3,000 employees. This shopping center is located in a heavily trafficked retail corridor and is directly across the street from Target, Olive Garden and O'Reilly Auto Parts.
The subject property offers investors the unique opportunity to acquire a newly renovated retail building leased to notable, national tenants Hobby Lobby and Dunham' s Sports. Both tenants have long term initial lease terms (Dunham's - 14 years and Hobby Lobby 10 years) with scheduled increases. Rent commencement for both tenants is expected to be in October/November of 2015. The property benefits from being located on a high traffic retail thoroughfare, with excellent frontage and visibility on West Bluemound Road, which is a major East/West thoroughfare with an estimated traffic count of 42,200 AADT. The demographics surrounding the site are very attractive with an average household income of nearly $125,000 within a 1 mile radius.
Great opportunity to showcase your culinary skills! Situated on 2.85 acres, this 16,804 sf (per assessor) former steak restaurant is in an ideal, high traffic area close to the airport. Offering great income potential from restaurant as well as a 3 bedroom, 2 bath apartment on the second level. Features include 7 baths, 2 main bars, 2 dining halls, 1 with a stone fireplace, 2 walk-in freezers, 3 walk-in coolers and building is handicap accessible. Bonus lower banquet center for private parties. Asphalt parking spaces for 197. Now is the time to live your dream. Own your own restaurant and banquet facility today! List Price is $1,495,000 with an opening bid of $895,000. Property may be sold any time prior to event. For all showings and questions call . Buyer' s Fee equal to 2% or $2,000, whichever is greater, whichever is greater, to be added to high bid/offer to determine final sale price. Offers are subject to Seller' s approval. Property is being sold as-is, where-is. See Bidder' s Packet on for additional disclosures and details. Auctioneer Firm: LLC #432-53. Auctioneer: Wade Micoley #2647-052. Broker: Jeffrey Benson #18508-90.
Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a freestanding, single tenant, absolute NNN leased, Golden Corral, located in Waukesha, WI. The tenant, Golden Corral, will sign a brand-new 15-year lease at the close of escrow demonstrating long-term commitment to the location. The lease features 7.5% increases every 5 years throughout the initial term and 7.5% rental increases at the beginning of each 5 (5-Year) option periods, which generates steady NOI growth and hedges against inflation. Additionally, the store benefits from a healthy 8.25% rent to sales ratio.
Equity Investment Advisors is pleased to offer for sale a 10-year absolute NNN leased investment with 2% annual rental increases. The property is leased to BMO Harris Bank N.A., the United States operating arm and subsidiary of the Bank of Montreal (BMO Financial Group), a diversified financial services provider with total assets of over $525 billion. This branch is an outparcel to a shopping center anchored by national retailers hhgregg and La-Z-Boy Furniture Galleries. Other retailers and restaurants located in the area include Best Buy, PetCo, Office Depot, Red Lobster, Panera Bread, and the Olive Garden.
Equity Investment Advisors is pleased to offer for sale a 10-year absolute NNN leased investment with 2.0% annual rental increases. The property is leased to BMO Harris Bank N.A., the United States operating arm and subsidiary of the Bank of Montreal (BMO Financial Group), a diversified financial services provider with total assets of over $525 billion. The property is located at the hard corner of Orchard Street and Durand Avenue within Racine' s primary retail corridor. The property consists of three drive-thrus and parking for 20 cars. The building is passed by over 21,000 cars per day. Elmwood Plaza Shopping Center, located across the street, hosts a weekly farmer' s market that brings additional foot traffic to the area.
This property was re-developed in 2009. Everything entire building is new except for the frame. There is the ability to add another 10,000 sq. ft. building on the property.
Stan Johnson Company is pleased to offer for sale to qualified investors a unique opportunity to purchase a brand new, 20 year McDonald's ground lease.
Existing building with current tenant occupying approximately 1,200 sq.ft. Tenant willing to stay and extend or relocate. Great oportunity for new owner/user to occupy entire building with a drive-thru or keep existing tenant and occupy remaining space. A wide variety of retail uses are allowed. Great Bank or Credit Union location. Owner also willing to entertain lease option.
NNN Lease at $120,000/Year, great visibility, current tenant has almost 5 years remaining on lease, if tenant ever vacated could be converted to multi-tenant building, building has lower level Warehouse/Storage Space with loading ramp, main floor is approximately 6,000 square feet, lower level storage/warehouse is approximately, 6,000 square feet.