7% Cap Salvation Army Store Leased Through 2024
No Longer Available For Sale
8008 W. Brown Deer Rd.
Milwaukee, WI 53223
16,709 SF
Retail
The Details
- 16,709 SF free-standing retail building
- At stop-lit corner of 80th & Brown Deer
- New 10 year lease to Salvation Army
- 2015 Rent: $158,000
- Scheduled rent bump every 5 years
- Two 5-year renewal options
- Initial Cap Rate: 7.0%
- Located in changing retail corridor
- Land Area: 67,605 SF
- Traffic Count: 33,700 cars daily
- Zoning: RB-1, regional business
- Taxes (2013): $20,483
Located at the corner of 80th and Brown Deer, this 16,709 square foot free-standing retail building is leased to the Salvation Army through 2024. The newly signed lease includes scheduled rent escalations every five years plus two five-year renewal options. The property is located in a changing retail corridor, with a variety of local and national businesses including Target, Aldi, Chase, Menards, Toys R Us, Olive Garden and more.
Northridge is a neighborhood on the far northwest side of Milwaukee. The immediate area is largely retail, with a number of residential developments and businesses a short drive away.