Home Depot Retail Center Outparcel | 12132 W Capitol Dr
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Home Depot Retail Center Outparcel 12132 W Capitol Dr
26,232 SF 86% Leased Retail Building Wauwatosa, WI 53222 $7,500,000 ($286/SF) 7.24% Cap Rate
Investment Highlights
- 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years
- Strong tenant mix with national credit tenants
- Located within the Milwaukee MSA with over 1.5 million residents
- 100% of current leases are NNN
- Outparcel to Home Depot in strong retail area
- Just 10 miles from downtown Milwaukee
Executive Summary
Retail Investment Group is pleased to be the exclusive listing brokerage for Stratford Plaza Retail Center in Wauwatosa, WI.
This ±25,725 SF class A retail center and is over 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years. An outparcel to Home Depot, this center is located right off of the Interstate 41 with over 150,000 vehicles per day.
Very stable investment. Majority of all the tenants have been at this location for over 10 years.
Advance Auto and Sherwin Williams represent 41% of the center and 36% of the income.
All leases are triple net. Parking lot scheduled for replacement July 2024. Originally built in 2005, Stratford Plaza has a low maintenance brick exterior.
This ±25,725 SF class A retail center and is over 85% occupied, however Seller will guarantee rent for the two vacant suites for 2 years. An outparcel to Home Depot, this center is located right off of the Interstate 41 with over 150,000 vehicles per day.
Very stable investment. Majority of all the tenants have been at this location for over 10 years.
Advance Auto and Sherwin Williams represent 41% of the center and 36% of the income.
All leases are triple net. Parking lot scheduled for replacement July 2024. Originally built in 2005, Stratford Plaza has a low maintenance brick exterior.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
26,232 SF
Building Class
B
Year Built
2005
Price
$7,500,000
Price Per SF
$286
Cap Rate
7.24%
NOI
$542,866
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Land Acres
2.98 AC
Zoning
C
Parking
123 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 257-9994-008 | Improvements Assessment | $3,968,900 |
| Land Assessment | $2,591,800 | Total Assessment | $6,560,700 |
PROPERTY TAXES
Parcel Number
257-9994-008
Land Assessment
$2,591,800
Improvements Assessment
$3,968,900
Total Assessment
$6,560,700
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Steven Davis -
Retail Investment Group, LLC
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Home Depot Retail Center Outparcel | 12132 W Capitol Dr
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