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26423363
26423364

N59W13449 Manhardt Dr, Menomonee Falls, WI 53051 For Sale

JF
IL 475154756
The Boulder Group
Listed by The Boulder Group
$4,608,000
151 days on market
Updated 79 days ago

EquipmentShare

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 13,455
Cap Rate 6.44%
NOI $296,640
Occupancy 100%
Tenancy Single
Brand/Tenant EquipmentShare
Lease Type NN
Lease Expiration 09/30/2032
Remaining Term 6.2
Rent Bumps Yes
Lease Options One 7-year
Year Built 2004
Buildings 2
Acreage 5.590
Investment Type Net Lease
Ground Lease No

6.25% Cap Rate | New Lease | Milwaukee MSA

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased EquipmentShare property located in Menomonee Falls, Wisconsin within the Milwaukee MSA. EquipmentShare recently signed a 7-year lease through September 2032. The lease features 3% annual rental escalations and one 7-year renewal option. The site is comprised of two buildings totaling 13,442 square feet constructed on 5 acres. This is an ideal investment for a covered land play or outdoor storage investors. Additionally, EquipmentShare completed its initial public offering on January 23, 2026, and now trades on the NASDAQ as “EQPT.”

The 5-acre IOS property is strategically located just one mile east of Interstate 41, which sees a daily traffic volume of 139,000 vehicles. Within a 5-mile radius, the property is surrounded by a population of over 178,000. The immediate 1-mile radius features an affluent community with an average household income exceeding $167,000. Neighboring industrial tenants include Cargill Cocoa & Chocolate, MillerCoors, GXO, JAX INC, ANIXTER, and others. The property is situated in Menomonee Falls, Wisconsin, home to nationally recognized brands like Kohl’s, Harley-Davidson, and Milwaukee Tool. The property is approximately 20 minutes northwest of downtown Milwaukee.

EquipmentShare is a U.S.-based construction technology and equipment rental company founded in 2015 and headquartered in Columbia, Missouri, that provides heavy equipment rentals, sales, and data-driven fleet management solutions to contractors nationwide. The company has built a digital-first platform centered on its proprietary T3 operating system, which integrates telematics, real-time tracking, and analytics to improve jobsite efficiency and equipment utilization. After rapid revenue growth and national expansion, EquipmentShare priced its initial public offering in January 2026, raising approximately $747 million and achieving a market valuation of about $7 billion on its debut.

Investment highlights

  • Positioned within the Milwaukee MSA – Ranked #40 in the United States for population size

  • New 7-year lease

  • Significant 3% annual rental escalations

  • 5+ acre site | paved and fenced storage area| masonry construction | 5 drive-in doors

  • EquipmentShare operates over 326 locations across 44 states

  • Affluent community - $167,000+ average household income within one mile

  • Over 178,000 people live within a five-mile radius

  • Minutes from Interstate 41 (139,000 VPD)

  • Neighboring industrial tenants include Cargill Cocoa & Chocolate, MillerCoors, GXO, JAX INC, ANIXTER, and many others

Listing Contacts

JF
IL 475154756
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$296,640.00
$24,720.00/mo

Valuation Metrics

0
DSCR
6.44%
Cap Rate
6.44%
ROI

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