For Sale
$6,638,118

N84w15670 Appleton Ave Menomonee Falls, WI 53051

Wisconsin Retail Property, High NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional retail property, Falls Crossing, is located at N84W15670 Appleton Ave, Menomonee Falls, WI 53051. The 48,567 square foot center sits on a 3.05-acre lot and boasts 136 parking spaces. Built in 1965 and renovated in 1980, the property is zoned C-1 Neighborhood Business. The asking price is $6,638,118, representing an attractive 8.00% cap rate with a current Net Operating Income (NOI) of $531,049. The property is offered fee simple, including both land and building, and features a triple net (NNN) lease structure. The property enjoys excellent visibility and accessibility, with high traffic counts on Appleton Avenue (16,600 vehicles) and Pilgrim Road (20,500 vehicles). The property's location in Waukesha County provides access to a strong and growing market. The property's APN is #MNFV0037194

Highlights

  • Excellent visibility and accessibility with high traffic counts: 16,600 vehicles on Appleton Ave and 20,500 on Pilgrim Rd.
  • Fee simple ownership including land and building.
  • 48,567 SF retail center on a 3.05-acre lot with 136 parking spaces in Menomonee Falls, WI.
  • $6,638,118 asking price, 8.00% cap rate, $531,049 NOI.
  • Triple net (NNN) lease structure.

Property Details for N84w15670 Appleton Ave

Property type
Retail properties, Land
Square Feet
48,567 SF
Year Built/Renovated
1965/1980
Lot Size (sq. ft)
132,858 SF

Location Insight

City
Menomonee Falls
County
Waukesha
State
Wisconsin
Latitude
43.1707056
Longitude
-88.1045171

FAQs

What type of property is this?
Retail property - Wisconsin Retail Property, High NOI
Where is the retail property located?
The property is located at N84w15670 Appleton Ave Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $6,638,118.
What are key features of this property?
This property features: Excellent visibility and accessibility with high traffic counts: 16,600 vehicles on Appleton Ave and 20,500 on Pilgrim Rd.; Fee simple ownership including land and building.; 48,567 SF retail center on a 3.05-acre lot with 136 parking spaces in Menomonee Falls, WI.
How can I contact the broker?
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N84w15670 Appleton Ave
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