Listed by ParaSell Inc, Hanley Investment Group
$6,750,000
Cornerstone Shopping Center | Glendale, CA
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,308
Net Rentable (SqFt) 13,308
Cap Rate 6.55%
NOI $441,973
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2003
Acreage 1.050
Ground Lease No
Corporate Leases with Replaceable Rents | Across from Bayshore (6.4 Million Annual Visitors, placer.
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000009COcT&track=bJAKajdJKNYVumqkB-YaQTgyr
Investment highlights
- Four-Tenant, Service- and Necessity-Based Retail Investment Across from Bayshore, One of Wisconsin’s Premier Mixed-Use Destinations (6.4 Million Annual Visitors, placer.ai):
- Very replaceable proven rents
- Three of the four tenants have rental increases in year two, increasing the cap rate by 35 basis points
- Corporate Wild Fork Foods:
- Premium meat and seafood market backed by JBS USA, a subsidiary of JBS S.A., the largest meatpacking company in the world, with 28+ brands including Certified Angus Beef, GoldnPlump, and Swift
- Glendale represents Wild Fork’s first Wisconsin location, anchoring the brand’s Upper-Midwest expansion
- Corporate Pearle Vision:
- Long-term operating history since 2003 (23 years)
- Backed by EssilorLuxottica, the global eyewear leader and parent of Ray-Ban, Oakley, LensCrafters, and Sunglass Hut; 550+ locations
- Corporate Panera Bread:
- Long-term operating history since 2003 (23 years)
- Nationally recognized fast-casual bakery-café brand with 2,200+ locations across the U.S.
- Strong rent to sales ratio under 6%
- Vivo Infusion:
- Brand-new 5-year lease
- Rapidly growing national provider of outpatient infusion and injection therapy with 80+ locations across multiple states
- Premier Hard-Corner Position at Silver Spring Drive and Port Washington Road, One of the North Shore’s Most Established and Highest-Profile Retail Intersections (56,000 CPD)
- Superior Access and Visibility; Freeway Adjacent: Immediate access to Interstate 43, the primary north–south corridor connecting downtown Milwaukee to the affluent northern suburbs
- Affluent, Densely Populated North Shore Trade Area: Situated in one of the wealthiest submarkets in metropolitan Milwaukee and the State of Wisconsin, bordering the high-income communities of Whitefish Bay ($216,000 AHHI), Fox Point ($250,000 AHHI), Bayside ($185,500 AHHI), and River Hills ($327,000 AHHI)
- Milwaukee MSA: 20-minute drive from downtown Milwaukee
- The metro is home to over 1.5 million residents
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$441,973.00
$36,831.08/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
Map
Zoning
B-1-D2 CommercialSpecial CommercialBusiness And Commercial District
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View all 24 uses
View all 24 uses Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics
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