Ashley Homestore

Retail

1230 Capitol Drive Pewaukee, Wisconsin
Price:
$ 4,692,609
Property Size:
58,470 sqft
Cap Rate:
7.00
NOI:
$ 328,483
Lot Size:
5.83 acres
Year Built:
1996
Status:
Sale

Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire the flagship tenant, Ashley HomeStore, at Pewaukee Plaza (Milwaukee Metro). This operator is a strong regional operator with 15 stores in Wisconsin.

− This Ashley location serves the western metro market
− Nearby tenants include Costco, Walmart, and Menards
− New facade in 2017
− #4 in the State for daily traffic
− #2 within a 50 mile radius
− #143 of 466 throughout the United States
− Passive lease structure | Ideal for local and out-of- area investors
− Rare 2% annual rental increases
− Long term commitment | 7 years remaining plus options

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Matt Berres
Executive Managing Director
949.608.2066
Karick Brown
Associate
949.608.2175
Kevin J Schmoldt
Mr
414-908-9164
Brian J Vanevenhoven, CRRP
Mr.
414-908-9160

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