Listed by Newmark - Milwaukee
$4,000,000
N79W14700 Appleton Ave
Details
APN MNFV0053968001
Property Type Retail, Office
Sub Type Medical Office, Commercial
Square Footage 11,609
Net Rentable (SqFt) 11,609
Units 3
Cap Rate 5.05%
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $202,026
Price per SqFt $344
Year Built 2013
Acreage 0.650
Zoning C-1 Neighborhood Business
Parking Spaces 60 spaces
Parking Per SqFt 5.17
Sale Condition 1031 exchange
Retail | 5.05% CAP | 11,609 SqFt
Marketing description
Newmark is pleased to bring this exclusive listing to market. This offering is a multi-tenant medical/retail property totaling 11,609 square feet on approximately 0.65 acres in Menomonee Falls, Wisconsin. The asset provides diversified cash flow from multiple suites and positions an investor to acquire stabilized income in a mature suburban submarket within the Milwaukee metropolitan area.
At a purchase price of $4,000,000 and an NOI of $202,026, the asset offers immediate income with a basis of approximately $344 per square foot. The property’s scale and tenancy mix align with steady, necessity-driven demand typically found in established suburban corridors. This makes the asset a fit for investors prioritizing predictable yield and balanced risk at the small-to-mid cap end of the medical/retail spectrum.
Multi-tenant Medical/Retail property for Sale
Location Description
Direct access off of Appleton Avenue makes this location perfect for any potential tenant. Located near many stores and businesses.
Investment highlights
- Stabilized income profile with an implied cap rate of approximately 5.05% at the asking price.
- Multi-tenant configuration supports diversified cash flow and reduces reliance on a single tenant.
- Efficient footprint and visibility appropriate for neighborhood-serving medical and retail uses.
- Price point and yield suitable for private buyers, 1031 exchange investors, and family offices seeking durable cash flow.
- Site size offers operational flexibility; any future modifications or expansions subject to zoning and due diligence.
Listing Contacts
Listed by Newmark - Milwaukee
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