4775 N Green Bay Ave, Milwaukee, WI 53209

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a multi-tenant medical office clinic located in Milwaukee, Wisconsin (the “Property”).

The Property consists of 0.75 acres and a 13,287-square-foot medical clinic that was built in 1959 and has since been renovated multiple times, most recently 2025, to the exact specifications of the primary Tenant. The Property is located at the intersection of West Hampton Avenue and North Green Bay Avenue with over 60,000 vehicles per day. There are over 370,000 in population in the five-mile radius earning more than $82,000 in average household income.

The primary Tenant, ARA-Milwaukee Dialysis, LLC, moved to the site in 2005 to grow its presence in Milwaukee. The initial term of the lease was for ten (10) years and they have now extended the lease multiple times with the current lease term expiring March 31, 2027. Their current rent is $99,654 with two percent (2%) rental increases annually.

Innovative Renal Care (IRC) is a leading U.S.-based kidney care provider headquartered in Franklin, TN. Formed through the 2021 merger of American Renal Associates and IRC, the organization operates over 250 dialysis centers across 25 states, partnering with more than 400 nephrologists and serving approximately 15,000 patients nationwide. Innovative Renal Care is backed by Nautic Partners, a middle market private equity firm focused on healthcare, services, and industrials.