3830 Moorland RdNew Berlin, WI 53151

For Sale
$2,300,000

High-Yield Retail Investment, WI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional four-tenant shopping center in New Berlin, Wisconsin, presents a compelling investment opportunity. Boasting 12,890 square feet of 100% occupied retail space, the property offers a stable and attractive cash flow with a strong 8.15% capitalization rate and a net operating income (NOI) of $187,439. Built in 2000, the well-maintained center benefits from a prime location at the corner of Moorland Road (28,000+ cars daily) and National Avenue (15,000+ cars daily), situated as an outlot of the Moorland Square shopping center anchored by Pick N Save. The staggered lease terms further enhance the investment's stability. The property serves a substantial market, with a population exceeding 42,000 within a three-mile radius and a median household income over $88,000, ensuring strong tenant demand and long-term value. The asking price is $2,300,000, translating to a price per square foot of $178.43. This stabilized investment offers a rare combination of high occupancy, strong cash flow, and a desirable location in a thriving retail corridor. The property's strategic positioning and robust demographics make it an ideal addition to any investment portfolio. This is a turnkey opportunity for investors seeking immediate returns and long-term growth potential.

Highlights

  • $2,300,000 asking price for a stabilized retail investment.
  • 12,890 square feet of net rentable space in a 100% occupied shopping center.
  • $178.43 price per square foot with an 8.15% cap rate and $187,439 annual NOI.
  • Four-tenant shopping center built in 2000, located in New Berlin, WI.

Property Details for 3830 Moorland Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,890 SF
Year Built
2000
Units
4

Location Insight

City
New Berlin
County
Waukesha
State
Wisconsin
Latitude
42.975044
Longitude
-88.1077812
3830 Moorland Rd, New Berlin, Wisconsin

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3830 Moorland Rd
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