Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1991
Building Area Net
Occupancy 96.0 %

Property description

Whitnall Square is located at 4698 S Whitnall Avenue in Saint Francis, WI, approximately 6 miles southeast of downtown Milwaukee. The property is bounded by South Whitnall Avenue to the south and west, and commercial and residential development to the north and east. Interstate 794 is located just to the west of the property across South Pennsylvania Avenue. General Mitchell International Airport is located just to the west of the site. Whitnall Square as a whole consists of 1 parcel, including Pick ‘n Save as the anchor, along with Planet Fitness, Petco, Dollar Tree and approximately 5 additional retail tenant suites. The KinderCare Learning Center outparcel is not included in the subject property.

Investment highlights

  • High Performing Grocer - $43.5MM in T12 Sales I 1.40% Grocer Occupancy Cost
  • Recent Leasing Momentum
    • Recently executed Planet Fitness 10-year lease
    • Early 5-Year Renewal with Pick N Save extending term through 2034
  • 10 Years WALT
  • Lease Fully Guaranteed by Kroger (S&P: BBB)
  • Ability to Generate Double Digit Levered Equity Yields
  • Free & Clear Offering
  • 98% Collections in 2020
Last Updated Date: 04 Jan 2022

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Last Updated Date: 04 Jan 2022

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