Value-Add Retail Center in Brown Deer Next to Walmart
No Longer Available For Sale
6510-90 Brown Deer Rd.
Brown Deer, WI 53223
50,324 SF
Retail Neighborhood Center
The Details
- 50,324 SF neighborhood retail center
- Newly remodeled center
- Adjacent to new Walmart, shared drive
- Tenants include Old Country Buffet, Tuesday Morning, Family Dollar
- 77% occupancy
- 936 to 3,530 SF available
- Est. NOI (2014): $419,910
- Initial Cap Rate: 7.0%
- Land Area: 6.5 acres
- Zoning: B3, commercial
- Part of TIF District 3
- Taxes (2014): $100,808
Located within a strong retail corridor, this 50,324 square foot neighborhood center is next to a new Walmart with a shared driveway. The center has been recently remodeled and tenants include Old Country Buffet, Tuesday Morning and Family Dollar. The center also offers the opportunity to add value through leasing with spaces ranging from 936 to 3,530 square feet available.
Brown Deer is a suburb of Milwaukee, located 15 miles from downtown in the North Shore with approximately 12,000 residents. In 2013, CNN Money ranked Brown Deer in its Affordable Best Places to Live list.