Two-Tenant Net Lease | Noodles & Company & Mad Chicken | Milwaukee, WI

Highlights:

• Top Performing Noodles & Company: Ranked #2 nationwide (out of 413 stores) and #1 in Wisconsin, with 20+ years of operating history at this site.
• Stable Two-Tenant Net Lease: 100% occupied by Noodles & Company (NASDAQ: NDLS) and Mad Chicken (WI-based regional chain with 20+ stores).
• In-Place Income: Current NOI of $118,015, offered at an asking price of $1,750,000.
• Long-Term Tenancy: Noodles operating since 2003; Mad Chicken recently extended lease through January 2031.
• Employment Driver Across the Street: Adjacent to Aurora St. Luke’s Medical Center (970+ beds, 4,000 employees), plus nearby Maynard Steel and Carmen High School.
• Landlord-Friendly Lease Structure: NN+ leases with tenants responsible for CAM, taxes, and insurance reimbursement.

Description:

Mid-America Real Estate – Wisconsin is pleased to present the exclusive offering of a 100% occupied, two-tenant retail building located at 2735 W. Oklahoma Avenue, Milwaukee, WI. The property is anchored by Noodles & Company (#2 ranked location nationally per Placer.ai, #1 in Wisconsin) alongside Mad Chicken, a fast-growing regional brand with 20+ locations across nine states.

The building totals 3,885 SF on 0.33 acres and benefits from a prime location along Oklahoma Avenue and South 27th Street (combined 47,800+ vehicles per day). The site offers long-term stability with established tenancy since 2003, recent lease extensions, and contractual rental escalations. Both tenants operate under landlord-friendly NN+ leases with CAM, tax, and insurance reimbursement.

Situated in Milwaukee’s south side trade area, the property draws from 400,000+ residents within 5 miles and a strong employment base anchored by Aurora St. Luke’s Medical Center across the street. Nearby retail anchors include Walmart Supercenter, Chipotle, Starbucks, Buffalo Wild Wings, and Burger King, driving consistent cross-shopping traffic.

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