THE OFFERING provides an opportunity to acquire a newly built, six-tenant strip center located in Oak Creek, WI. The subject property is leased to an excellent mix of national and regionally-strong tenants including Verizon Wireless and Stanton Optical. All tenants feature brand new 10-year leases with rent escalations. The tenants are all on NNN leases, and reimburse for their proportionate share of common area, tax, and insurance expenses. The property is constructed as three separate buildings, an ideal configuration for tenants who want to be on the end-cap space or a freestanding building, maximizing visibility and profile.
THE PROPERTY is located along S. Howell Ave. near the intersection of W. Drexel Ave, and is part of a larger Drexel Town Square. Drexel Town Square is a $175 Million mixed use/retail project anchored by a 192,000 SF Meijer store & gas, a hospital, and a city hall/library/municipal building. The project is 5-miles from the Milwaukee International airport and has transformed the area into a beacon of commercial activity.
Listed in Conjunction with WI Licensed Broker:
Founders 3 Real Estate Services