123 W Oklahoma Ave - Freestanding FOR SALE


Milwaukee, WI 53207- Bay View
$13,570,000 USD
630-570-2238
123 W Oklahoma Ave, Milwaukee, WI for Sale
$13,570,000 USD
Freestanding - FOR SALE
1/12
null | 7% Cap Rate

123 W Oklahoma Ave
Milwaukee, WI 53207
Bay View


HIGHLIGHTS

  • Grocery Anchored Property (Piggly Wiggly) and Three Outlots
  • Proven Tenant Roster With Strong Tenure: Piggly Wiggly (14.92 years), Goodwill (13.50 years), AutoZone (8.75 years), and Rosati’s Pizza (8.33 years)
  • Corporate Lease | Piggly Wiggly is a Wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation’s Largest Grocery Distributors
  • Dunkin’ Began a 10 Year Term in February 2026 | Additional Tenants with Strong Remaining Lease Term, Including Planet Fitness (Over 8 Years) and AT&T
  • Signalized Intersection (31,500 Vehicles per Day) | Just Off Interstate 94/43 (127,000 Vehicles per Day)
  • 97 Percent Occupied with All Tenants on Net Leases; Two Remaining Suites Totaling 3,188 Square Feet of Vacancy Offer Additional Upside Potential

OVERVIEW

This grocery-anchored property features a long-standing Piggly Wiggly supported by three outlots and a highly stable tenant mix. The center is 97 percent occupied with all tenants on net leases, and the remaining 3,188 square feet vacancy offers modest upside. Tenancy is exceptionally durable, with anchor Piggly Wiggly in place nearly 15 years, alongside long-term operators such as Goodwill, AutoZone, and Rosati’s Pizza. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors, and this location is currently undergoing a substantial interior renovation. Recent momentum includes a new 10-year Dunkin’ lease that commenced in early 2026, while Planet Fitness and AT&T continue to provide strong lease-term depth, with five to eight years remaining. Strategically positioned at a signalized intersection just off Interstates 94/43, the property benefits from high daily traffic counts and excellent accessibility. It sits within a dense, amenity-rich corridor surrounded by major retail drivers, including Holt Plaza, Target, and The Home Depot, all of which attract significant annual visitation. The trade area is heavily populated with strong household incomes, substantial daytime employment, and multiple nearby schools, reinforcing consistent consumer traffic and long-term demand.

FOR SALE DETAILS

PRICE

$13,570,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Piggly Wiggly (Grocer) Center Milwaukee WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Supermarket, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

8.42 AC

LAND SF

366,775 SF

ZONING

LB-2

APN/PARCEL ID

537-0702-000-4,537-0703-000-X

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.