7800-7860 Layton AveGreenfield, WI 53220

For Sale
$11,000,000

High-Yield Retail Investment, WI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail investment opportunity in Greenfield, Wisconsin, presents a portfolio of properties totaling 70,123 square feet, situated on a 5.91-acre lot. The portfolio boasts a strong 6.56% capitalization rate and a Net Operating Income (NOI) of $721,556, with an asking price of $11,000,000. The property features a diverse tenant mix including Panera, T-Mobile, Brass Tap, Ogden Fine Cleaners, Melt n Dip, Mountain Mike's Pizza, MH Imaging, and La-Z-Boy (retail and distribution center). Built in 1998 and zoned C4, the property benefits from high traffic counts (approximately 26,400 cars per day on Layton Avenue, per WI DOT data), convenient access to I-894, and ample parking (179 spaces). The buildings were recently painted (October 2024). Leases are Triple Net (NNN), with tenants responsible for parking lot maintenance and repairs. The property's APN is 6059956004

Highlights

  • $11,000,000 total portfolio sale price.
  • 6.56% capitalization rate.
  • $721,556 Net Operating Income (NOI).
  • High-traffic location with approximately 26,400 cars per day on Layton Avenue (WI DOT data).
  • Strong tenant mix including Panera Bread, T-Mobile, Brass Tap, Ogden Fine Cleaners, Melt n Dip, Mountain Mike's Pizza, MH Imaging, and La-Z-Boy (retail and distribution center).
  • Buildings recently painted (October 2024).

Property Details for 7800-7860 Layton Ave

Property type
Other retail properties, Retail properties
Square Feet
70,123 SF
Year Built
1998
Lot Size (sq. ft)
257,440 SF

Location Insight

City
Greenfield
County
Milwaukee
State
Wisconsin
Latitude
42.96004
Longitude
-88.011064
7800-7860 Layton Ave, Greenfield, Wisconsin

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7800-7860 Layton Ave
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