Bluemound Plaza
19555 W. Bluemound Road, Brookfield, WI 53045-5962
Marketing description
Newmark, as exclusive brokerage firm, is pleased to present the opportunity to purchase Bluemound Plaza, 19555 W. Bluemound Road, Brookfield, WI, a ±108,000 SF shopping center.
Newmark is pleased to exclusively market for sale Bluemound Plaza at 19555 W. Bluemound Road, a 100% leased multi tenant shopping center located in the heart of Brookfield, Wisconsin within the Milwaukee MSA. The ±108,000 SF shopping center is situated on 8.68 acres of land at the southeast corner of Bluemound Road and Janacek Road in the Town of Brookfield.
Bluemound Plaza is strategically located less than one mile east of Interstate 94 and 0.05 miles from The Corners of Brookfield, a regional shopping mall anchored by Von Maur Department Store that includes a 200+ multi family complex on the west end of Bluemound Road. Additionally, across from The Corners, there are 700+ residential units built and under construction at Poplar Creek Towne Center. Bluemound Road is known as the “Gold Coast" of Brookfield with daily traffic counts that exceed 34K VPD. The surrounding 1-mile radius features an affluent community with average household annual income exceeding $100,000.
Investment highlights
- The property is 100% leased and anchored by Best Buy & Aldi along with other national, regional and local tenants.
- Property is located in the highly desirable municipality of Brookfield near Goerke’s Corners with easy access to I-94. Bluemound Road is the “Gold Coast” of Brookfield, as well as a desirable retail corridor for SE Wisconsin.
- Offered at $16,950,000, the price is a 6.9% cap rate, based on end of 2025 income, owner handles property management.
- Entire property has been re-roofed over the last 2 years except Aldi whose roof is ±10 years old.
- New HVAC units installed at Best Buy, Dollar Tree, Strive, The Honeybee Salon, George Webb, and Wild Birds Unlimited.
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