143 W Sunset Dr - Retail FOR SALE


Waukesha, WI 53189- Eastern Waukesha
$2,625,000 USD
414-273-4600
143 W Sunset Dr, Waukesha, WI for Sale
$2,625,000 USD
Retail - FOR SALE
1/10
null | 6% Cap Rate

143 W Sunset Dr
Waukesha, WI 53189
Eastern Waukesha


HIGHLIGHTS

  • • Brand New 2,570 SF Starbucks Build to Suit
  • • 10 Year Corporate Lease with Four 5 Year Options
  • • Investment Grade Credit Tenant, S&P BBB+, Moody’s Baa1
  • • Scheduled Rental Increases Every Five Years
  • • Traffic Counts: 15,000 VPD on Sunset Drive, 9,800 VPD on S East Avenue
  • • Strong 5 Mile Demographics: 96,999 Population | $113,494 Average Household Income

OVERVIEW

Mid-America Real Estate is pleased to present the opportunity to acquire a brand new Starbucks located at 151 West Sunset Drive in Waukesha, Wisconsin. The 2,570 square foot build to suit drive thru location is secured by a 10 year corporate guaranteed lease with four five year renewal options and scheduled rent increases, offering stable long term income backed by an investment grade tenant. Positioned along Sunset Drive, one of Waukesha’s primary retail corridors, the property benefits from strong traffic counts, dominant surrounding anchors, affluent demographics, and a dense student population including Carroll University and multiple high schools within four miles.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$1,050 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,689 SF

ZONING

-

APN/PARCEL ID

WAKC-1353-412

ASK ABOUT THIS PROPERTY

Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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