For Sale
$4,600,000

3001 108 St West Allis, WI 53227

High-yield, multi-tenant retail center.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 14,210 square foot, multi-tenant shopping center in West Allis, Wisconsin, boasting 100% occupancy. Anchored by AT&T and Tropical Smoothie, this property generates a strong net operating income (NOI) of $334,010. Built in 2015, the single-building center sits on a 1.67-acre lot with ample parking (110 spaces), providing a convenient 7.8 spaces per 1,000 square feet. The property is strategically located on State Highway 100, a high-traffic thoroughfare with 34,000 vehicles passing daily, ensuring excellent visibility and accessibility. The seven units are leased under a NNN (Triple Net) lease structure, minimizing landlord responsibilities. The property is zoned C-4 - Regional Commercial District, and its location within a thriving retail corridor of West Allis, near a Home Depot and other major retailers, guarantees consistent foot traffic. The property's strong tenant mix and prime location in the Milwaukee metropolitan area, near American Family Field and Wisconsin State Fair Park, make it an attractive investment with significant potential for future growth and appreciation. The asking price is $4,600,000. Property details include APN 520-1010-000 and a Milwaukee County address of 3001 S 108th St, West Allis, WI 53227.

Highlights

  • $4,600,000 asking price for a 14,210 SF multi-tenant shopping center in West Allis, WI.
  • 100% occupancy with strong national tenants including AT&T and Tropical Smoothie.
  • 7 units on a 1.67-acre lot with 110 parking spaces (7.8 spaces per 1,000 SF).
  • Excellent location on State Highway 100, experiencing 34,000 vehicles per day, near other retail and big-box stores.
  • Strong NOI of $334,010; built in 2015, zoned C-4.

Property Details for 3001 108 St

Property type
Lifestyle centers, Power centers
Square Feet
14,210 SF
Year Built
2015
Buildings
1
Lot Size (sq. ft)
72,745 SF
Units
7

Location Insight

City
West Allis
County
Milwaukee
State
Wisconsin
Latitude
42.9898204
Longitude
-88.0480278

FAQs

What type of property is this?
Lifestyle center - High-yield, multi-tenant retail center.
Where is the lifestyle center located?
The property is located at 3001 108 St West Allis, WI.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: $4,600,000 asking price for a 14,210 SF multi-tenant shopping center in West Allis, WI.; 100% occupancy with strong national tenants including AT&T and Tropical Smoothie.; 7 units on a 1.67-acre lot with 110 parking spaces (7.8 spaces per 1,000 SF).
How can I contact the broker?
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3001 108 St
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