Listed by Marcus & Millichap - Milwaukee
$9,500,000
Oakbridge Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 54,364
Cap Rate 7.25%
NOI $688,801
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $175
Class B
Year Built 1988
Year Renovated 2000
Acreage 4.310
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Net Leases | 7.25% Cap | $174.75/SF
Marketing description
Marcus & Millichap is pleased to present the Oakbridge Center. This center is 100% occupied with all triple net leases and is in a busy retail corridor on the west side of Madison. Brothers Main and Rocky Rococo occupy 45.9% percent of the building and recently signed 10 year extensions. The area has strong demographics with over 157,000 residents within five miles and an average household income of $117,787 within five miles. Traffic counts are 31,972 vehicles per day (2025).
Investment highlights
- 100% Occupied with All Triple Net Leases and a WALT of Over Six Years
- Brothers Main and Rocky Rococo Occupy 45.9% of the Building and Recently Signed 10 Year Extensions
- 68.8% of the Rent Roll has Occupied Since 2011 or Earlier
- Approximately $300,000 in CapEx Done Since 2020
- Strong Demographics: Over 157K Residents in Five Miles with Average Household Income of $117K
Listing Contacts
Listed by Marcus & Millichap - Milwaukee
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$688,801.00
$57,400.08/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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