Net-Lease Grocery
For Sale
Contact for pricing
11558 N Port Washington Rd, Mequon, WI 53092
Metro Market grocery leasehold is guaranteed by Kroger with more than 10 years remaining and multiple renewal options.
Property SizeContact for details
Days on Market120
Property Features for 11558 N Port Washington Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Oak Brook
Listed By:
Michael Kaider · License #IL 475154630
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook
Investment Insights
Based on property information with market context.
CBRE’s Net Lease Property Group presents the leasehold interest in a Metro Market grocery store. The property is described as a high-end grocery concept, fully guaranteed by Kroger. The lease has just over 10 years of remaining term on the original agreement, with favorable rent bumps occurring every five years, plus eight consecutive five-year options to renew. The lease runs coterminous with the ground lease, and future ownership of the leasehold benefits from Kroger paying ground rent directly to the owner.
Metro Market is located west of I-43 and north of Highway 167, along N Port Washington Road and Eastbrook Drive, with three access points along Eastbrook Drive. The surrounding area reportedly sees combined vehicle counts of 107,000, supporting strong daily drive-by exposure. Mequon’s traffic flow is also supported by the proximity to Concordia University Wisconsin, which is home to over 8,000 students and faculty.
Kroger is headquartered in Cincinnati, Ohio and operates supermarkets and related formats across the U.S. The offering is for investors seeking a net-lease grocery asset with a Kroger-backed payment structure and structured renewal provisions.
Metro Market is located west of I-43 and north of Highway 167, along N Port Washington Road and Eastbrook Drive, with three access points along Eastbrook Drive. The surrounding area reportedly sees combined vehicle counts of 107,000, supporting strong daily drive-by exposure. Mequon’s traffic flow is also supported by the proximity to Concordia University Wisconsin, which is home to over 8,000 students and faculty.
Kroger is headquartered in Cincinnati, Ohio and operates supermarkets and related formats across the U.S. The offering is for investors seeking a net-lease grocery asset with a Kroger-backed payment structure and structured renewal provisions.
Key Highlights
- 61,784 SF Metro Market grocery leasehold in Mequon, WI with Kroger fully guaranteeing the leasehold
- Just over 10 years remaining on the original lease term with favorable rent bumps every five years
- Lease includes eight consecutive five‑year renewal options, running coterminous with the ground lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53092, WI
21,052
Population
8,983
Households
2.3
Avg Household Size
50
Median Age
69%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
1,037
Density / Sq Mi
$126,431
Median Household Income
$70,327
Median Earnings
$1,962
Median Rent
$440,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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- Health-e-Transactions, LLC — 11520 N Port Washington Rd, Mequon, WI 53092
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Metro Market grocery leasehold is guaranteed by Kroger with more than 10 years remaining and multiple renewal options.
Where is this grocery and convenience store located?
The property is located at 11558 N Port Washington Rd Mequon, WI.
What are key features of this property?
This property features: 61,784 SF Metro Market grocery leasehold in Mequon, WI with Kroger fully guaranteeing the leasehold; Just over 10 years remaining on the original lease term with favorable rent bumps every five years; Lease includes eight consecutive five‑year renewal options, running coterminous with the ground lease
