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Sambazis Retail Group

Leaders in Retail Investment Sales

U.S. Cellular

Single-Tenant Offerings

U.S. Cellular

5275 S 76th St.

Greendale (Milwaukee MSA), WI

Price:
$2,945,000
Cap Rate:
5.50%
NOI:
$161,963
Rentable SQFT:
4,500 SF
Year Built:
2013
Lot Size:
0.91 +/- Acres
Lease Type:
NN
Status:
Available
Investment Highlights
  • 6+ Years Remaining, Corporate Guaranty with 728+ Locations
  • Tenant Recently Extended the Lease Early Through 2028
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • UScellular (NYSE: USM) is 4th Largest Full-Service Wireless Carrier in the U.S, Very High Market Share in Wisconsin (High 30%-Low 40%)
  • New High-Quality Brick/Block Construction Built in 2013, Minimal Landlord Responsibilities
  • Infill Location, Serving Over 253,000 Residents in Southern Suburb of Milwaukee
  • Average Household Income Exceeds $90,000 within a 1-Mile Radius
  • Outparcel to High-Volume Walmart Supercenter and Adjacent to a New Chick-fil-A
  • Across from Southridge Mall, Serving Two of Wisconsin’s Fastest-Growing Suburbs with Nearly 800,000 People
  • Mall’s Extensive 2012 Remodel has Spurred New Commercial and Retail Development on and Surrounding the 76th Street Corridor
  • Directly Across from Mixed-Use Development at Southridge Mall with 790 Upscale Apartments and 50K SF of New Commercial/Retail
  • 1.5 Miles to 84 South, a New Mixed-Use Development with a 135,000 SF Aurora Health Center and a 268-Unit High-End Apartment Complex
  • 2.5 Miles to 44-Acre Mixed-Use Development 270 Luxury Apartments, a Medical Office Facility, New Turf Skatepark, Hotel, and Entertainment District
  • Highly Visible to 36,500 Cars/Day at Signalized Intersection and Main Entrance to Walmart Supercenter
  • Just South of I-43/894 with 140,000 Cars/Day, Direct Access to Downtown Milwaukee
  • Strong Daytime Population, Over 97,000 Employees within 5 Miles
  • Home to Several Corporate Headquarters and Fortune 1000 Manufacturers (Harley Davidson, Northwestern Mutual, Kohl’s, GE, Johnson Controls, Rockwell Automation)
  • Surrounded by Several K-12 Schools with Over 15,000 Students
  • 6 Miles West of Milwaukee’s Mitchell International Airport
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  • Confidentiality and Disclaimer

    The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sambazis Retail Group and should not be made available to any other person or entity without the written consent of Sambazis Retail Group. This Marketing Package has been prepared to provide a summary to prospective purchasers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sambazis Retail Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Sambazis Retail Group has not verified, and will not verify, any of the information contained herein, nor has Sambazis Retail Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All prospective buyers must take appropriate measures to verify all of the information set forth herein.

    By accepting the terms of this Disclaimer you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

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For more information, please contact:

Phil Sambazis

Executive Managing Director

(858) 373-3174

Email & Bio »

Todd Lindblom

Broker of Record

License: WI 56163