Shops at Greenfield
Walmart Shadow - Anchor | 100% Leased Retail Strip | 7.23-Yr WALT | Milwaukee MSA
Marketing description
CBRE is pleased to present as the exclusive advisor, Shops at Greenfield, an 11,760 SF unanchored strip center directly adjacent to a Walmart Supercenter. The Property is located less than five miles from downtown Milwaukee and is strategically located in one of Milwaukee's dominant retail corridors with numerous points of regional connectivity, enabling it to service a wide range of customers. Shops at Greenfield sits at the heart of a dynamic retail hub and benefits from a dense surrounding population and numerous national tenants.
Shops at Greenfield provide an investor with a stable cash flowing asset that enjoys tremendous real estate fundamentals due to its premier location and visibility along Greenfield Avenue and recent leasing velocity. The Property has experienced significant leasing momentum with 75% of the total tenancy exercising renewals within the past two years. Shops at Greenfield, offers investors the opportunity to acquire a stable, well-leased retail asset at an attractive basis, supported by durable cash flow and nearby traffic driving retailers.
Investment highlights
- 100% leased to convenience-oriented tenants
- Recent leasing velocity highlighting real estate fundamentals
- Shadow-anchored by high-performing Walmart
- Positioned within a highly-trafficked retail node
- Excellent visibility along a major arterial road with nearby regional connectivity
- Dense, in-fill area with massive trade area draw
- Internet resilient tenants with impressive 7.5 years WALT
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