Brookfield, WI - Hobby Lobby and Dunham's Sports

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a in a Hobby Lobby and Dunham’s Sports two-tenant, NNN leased, investment property located in Brookfield, WI (Milwaukee MSA). Dunham’s Sports has approximately 6 years remaining in their initial lease term with a scheduled rental increase of 2.8% in February 2026, and 4 (5-year) option periods to extend. Hobby Lobby has approximately 1.5 years remaining
in their initial lease term and 3 (5-year) option periods to extend. The leases are corporate guaranteed and are NNN with landlord responsibilities limited to roof and structure.

The subject property is located along W Bluemound Road / U.S. Highway 18, a major east/west commuter thoroughfare connecting travelers to Milwaukee, with 50,300 vehicles passing by daily. U.S. Highway 18 serves as the primary retail corridor of Brookfield with nearby featured local shopping centers, including: Brookfield Square
(1,008,297 SF), Brookfield Fashion Center (217,346 SF), Fountain Square (166,346 SF), Brownstones Shopping Center (137,816 SF), and more, increasing consumer draw to the trade area. The asset is also near Interstate 94 averaging an additional 137,000 vehicles passing by per day. Directly across from the site is the Brookfield Lakes Corporate Center, a 158-acre, master-planned development with over 1 million SF of space comprised of 18 office buildings and 1 retail building. Other nearby national/credit tenants include Floor & Décor, Dick’s Sporting Goods, Party City, Best Buy, ALDI, PetSmart, and more, further increasing consumer traffic and promoting crossover shopping to the subject property. The 5-mile trade area is supported by nearly 124,000 residents and more than 134,000 employees. The immediate 1-mile trade area features an affluent average household income of $155,848.