For Sale
$2,325,000

2301-2359 Silvernail RdPewaukee, WI 53072

Pewaukee, WI retail investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
Silvernail Village Shopping Center, located at 2301-2359 Silvernail Rd, Pewaukee, WI 53072, presents a compelling investment opportunity. This 29,427 square foot retail property, situated on an 8.8-acre lot, offers a 90% occupancy rate with a modified lease structure across multiple tenants. The property boasts a prime location in Waukesha County's desirable commercial district, enjoying high visibility from I-94 due to its proximity to two freeway exit ramps. The center features a diverse tenant mix including dining, entertainment, shopping, medical, wellness, and fitness options. Significant nearby businesses include Pick'n Save, McDonald's, Culver's, AT&T, Walgreens, Office Depot, and Papa Murphy's, further enhancing the property's appeal. The asking price is $2,325,000, translating to $79 per square foot. The property includes a large pylon sign and prominent facade signage. Recent improvements include parking lot resurfacing in 2022. Below-market rental rates offer potential for future income growth through lease adjustments. The offering includes a controlling interest in the condo association, encompassing eight of ten front units and six of ten back units. Opportunities exist to acquire remaining units for complete ownership. The property's APN numbers are WAKC0974017, WAKC0974018, WAKC0974019, WAKC0974020, WAKC0974021, WAKC0974024, WAKC0974025, WAKC0974026, WAKC0974027, WAKC0974028, WAKC0974029, WAKC0974030, WAKC0974031, WAKC0974032, WAKC0974033, WAKC0974034, WAKC0974035, WAKC0974036001, WAKC0974036, WAKC0974038, WAKC0974039. The property's strategic location near GE Healthcare campus, Waukesha County Airport, and Waukesha County Expo Center adds to its long-term value.

Highlights

  • High-visibility I-94 frontage with convenient freeway access.
  • Excellent location in a stable suburban market.
  • Strong signage opportunities with pylon and building facade visibility from the highway.
  • Dense retail environment with prominent national and local co-tenants.
  • Proximity to GE Healthcare, Waukesha County Airport, and Waukesha County Expo Center.
  • Below-market rents offering upside potential through lease renewals.

Property Details for 2301-2359 Silvernail Rd

Property type
Lifestyle centers, Power centers
Square Feet
29,427 SF
Lot Size (sq. ft)
383,328 SF

Location Insight

City
Pewaukee
County
Waukesha
State
Wisconsin
Latitude
43.0446718
Longitude
-88.2653945
2301-2359 Silvernail Rd, Pewaukee, Wisconsin

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2301-2359 Silvernail Rd
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