N96 W18200 County Line Rd - Freestanding FOR SALE


Germantown, WI 53022
$33,000,000 USD
949-239-0921
N96 W18200 County Line Rd, Germantown, WI for Sale
$33,000,000 USD
Freestanding - FOR SALE
1/19
null | 6.46% Cap Rate

N96 W18200 County Line Rd
Germantown, WI 53022


HIGHLIGHTS

  • Acquire Fleet Farm ($1B+ sales, Costco-like wholesaler), w/ a gas station, car wash, rentals, and auto repair, plus a new construction Chase Bank.
  • Dense commercial corridor off I-41 at a highly visible, signalized intersection location boasting visibility to over 87,800 daily passing vehicles.
  • New to market, 15.5-year NNN leases with rare rent escalations and options in a high barrier-to-entry market with limited big-box availability.
  • Fleet Farm is a private company and subsidiary of Golub Capital (NASDAQ: GBDC $90 billion + AUM), operating 50+ locations in WI, MN, IA, ND, and SD.
  • JPMorgan Chase (NYSE: JPM) is the largest bank globally, managing $4.4 trillion in assets, with an S&P credit rating of AA- and a stable outlook.
  • Institutionally owned Fleet Farm offers patrons brand-labeled Visa credit cards and sponsors the NFL Green Bay Packers and MLB Milwaukee Brewers.

OVERVIEW

Newmark Capital Markets and Accredas Investments are proud to present a rare investment opportunity for qualified investors: the acquisition of a fee simple interest in a premier, two-tenant, absolute NNN-leased Fleet Farm & Chase Bank property, ideally situated in the retail suburb of Milwaukee, Wisconsin. • Fleet Farm, established 1955. 56-year occupancy history. Landmark Midwest retailer. • Scale: 50+ locations. 18-acre contiguous parcel. • Financials: $1.6 Billion annual sales. 10% YoY sales growth. 12% projected growth for year-end 2026. • Fintech: Co-branded "Fleet Rewards Visa" program since 2001. Credit & Lease Structure • Parent Ownership: Golub Capital (NASDAQ: GBDC) with $150+ Billion AUM. • Out-Lot Tenant: Brand new construction Chase Bank. Backed by JPMorgan Chase with $4.4 Trillion in assets. • Lease Terms: 16 years remaining. Absolute NNN lease. 2% annual escalations. Real Estate & Corridor Dynamics • Location: Corner of County Line Rd. and Appleton Ave. 10 minutes to downtown Milwaukee. • Traffic: 78,000 cars per day. • Site Validation: Chase Bank targeted this corner for over 2 years prior to development. • Synergy: Immediate neighbors include Walmart, Menards, Kohl's, and Hobby Lobby. Department & Brand Mix • Automotive & Tires: Gas station, fuel center, multi-bay repair shop, oil changes, equipment rentals. Tire brands: Michelin, Cooper Tires, Goodyear, BFGoodrich, and Road Runner. • Workwear & Apparel: Clothing and footwear hub. Apparel brands: Carhartt, Dickies, Levi's, Wrangler, Columbia, Under Armour, and Field & Forest. Footwear brands: Thorogood, Ariat, Timberland PRO, KEEN Utility, Wolverine, Danner, Muck Boot, and Skechers. • Hardware & Tools: Doors, windows, flooring, and cabinets. Tool and machinery brands: Milwaukee Tool, DeWalt, Makita, Bosch, Craftsman, Husqvarna, Cub Cadet, and Toro. • Agri-Supply & Feed: Light-duty farm equipment. Machinery brands: King Kutter, Tar River, and Fields Edge. Animal feed brands: Purina, Nutrena, and Country Feeds. Fertilizer brands: Scotts, Miracle-Gro, and Milorganite. • Sporting Goods: Hunting rifles, shotguns, ammunition, hunting equipment, and fishing gear. • Consumer Essentials: Grocery, pharmacy, cosmetics, jewelry, nursery, pet supplies, pet food, and pet vaccinations. Moat & Sponsorships • Slogan: "If we don't have it, you don't need it." • Alignments: Official sponsor of the Green Bay Packers and Milwaukee Brewers. Features a dedicated stadium entrance and exclusive Stadium Club at Lambeau Field.

FOR SALE DETAILS

PRICE

$33,000,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fleet Farm & Chase Bank | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

CROSS STREETS

Appleton Ave

LAND ACRES

17.83 AC

LAND SF

776,675 SF

ZONING

B-3

APN/PARCEL ID

GTNV-333998

ASK ABOUT THIS PROPERTY

Matt BerresNewmarkMore Info
949-239-0921

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Matt BerresNewmarkMore Info
949-239-0921

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