18200 Bluemound RdBrookfield, WI 53045

This exceptional investment opportunity presents a fee-simple interest in a two-tenant, 109,157 square foot retail shopping center in Brookfield, Wisconsin. Anchored by Hobby Lobby and Dunham's Sports, both on corporate-guaranteed NNN leases, the property boasts 100% occupancy and a strong 6.75% cap rate, generating a net operating income (NOI) of $981,393. Built in 2015, the property features two single-story buildings on an 8.7-acre lot with ample parking (450 spaces). The property benefits from a prime location on W Bluemound Rd (US Highway 18), a major thoroughfare with high daily traffic volume (50,300 vehicles), and proximity to other significant retail centers and a large corporate office park. Dunham's Sports has approximately six years remaining on their initial lease term with renewal options, while Hobby Lobby has approximately 1.5 years remaining with renewal options. The property's strong tenant mix, favorable lease terms, and strategic location make it an attractive investment opportunity. The B2 General Business zoning allows for flexibility. The affluent surrounding area, with a high average household income of $155,848 within a 1-mile radius, further enhances the property's value and potential for long-term growth. The asking price is $14,539,000 ($133.19/sq ft). The property's location also benefits from proximity to Interstate 94, adding to the high traffic volume in the area.