5701 N Lydell Ave - Freestanding FOR SALE


Glendale, WI 53217- Outer Brown Deer
$16,115,000 USD
480-221-4221
5701 N Lydell Ave, Glendale, WI for Sale
$16,115,000 USD
Freestanding - FOR SALE
1/8
null | 5% Cap Rate

5701 N Lydell Ave
Glendale, WI 53217
Outer Brown Deer


HIGHLIGHTS

  • Over 10 Years Remaining on Lease | Scheduled Rental Increases | Corporate Signed Lease | Below Market Rent | Established Brand
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area
  • Full-Service Brand Store Model | Continued Growth Initiatives
  • Dense Trade Area | Anchor to High-Performing Center | Strong National/Credit Tenant Presence | Milwaukee MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, investment grade (S&P: A), Target investment property located in Glendale, WI (Milwaukee MSA). The tenant has over 10 years of firm term remaining with an additional 10 (5-year) option periods to extend. The lease features scheduled 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A | NYSE: TGT), and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The subject property affords an investor the rare opportunity to acquire a generational legacy asset leased to one of the premier retailers in the world, with unmatched underlying intangibles, while further mitigating risk with far-below market rent and an acquisition price substantially below replacement cost.

FOR SALE DETAILS

PRICE

$16,115,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Target | 10+yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

138

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

PD

APN/PARCEL ID

166-8021-000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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