Single-Tenant Grocery NNN
For Sale
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5600 S 108th St, Hales Corners, WI 53130
Brand-new free-standing grocery store leased on an absolute NNN basis to Festival Foods through a 15-year term.
Property SizeContact for details
Days on Market120
Property Features for 5600 S 108th St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Northmarq Capital, LLC
Listed By:
Tom Fritz · License #IL 471018602
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 8:03PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This free-standing grocery store was constructed in 2019 and is offered as a brand new 15-year sale-leaseback. The lease will commence upon closing and is with Skogen’s Foodliner, Inc., doing business as Festival Foods, and guaranteed by the parent company, MDSFest, Inc. The lease is absolute NNN, includes 1.00% annual increases, and both tenant and guarantor provide annual financial reporting.
The property includes a 67,309 SF building on 7.530 acres and is located at 5600 S 108th St in Hales Corners, Wisconsin. It sits along 108th Street with reported 33,437 VPD and is positioned just south of Interstate 43 and north of Highway 24.
The asset benefits from a dedicated, single-tenant retail configuration designed for grocery operations, with frontage on a high-density corridor and visibility in an area surrounded by rooftops and national retailers.
The property includes a 67,309 SF building on 7.530 acres and is located at 5600 S 108th St in Hales Corners, Wisconsin. It sits along 108th Street with reported 33,437 VPD and is positioned just south of Interstate 43 and north of Highway 24.
The asset benefits from a dedicated, single-tenant retail configuration designed for grocery operations, with frontage on a high-density corridor and visibility in an area surrounded by rooftops and national retailers.
Key Highlights
- 15‑year sale‑leaseback to Festival Foods (Skogen’s Foodliner, Inc DBA) guaranteed by MDSFest, Inc
- Lease is absolute NNN with 1.00% annual increases; tenant and guarantor provide annual financials
- Constructed in 2019: 67,309 SF free‑standing grocery store on 7.530 acres
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53130, WI
7,743
Population
3,279
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
2,420
Density / Sq Mi
$86,806
Median Household Income
$53,544
Median Earnings
$1,274
Median Rent
$290,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Brand-new free-standing grocery store leased on an absolute NNN basis to Festival Foods through a 15-year term.
Where is this grocery and convenience store located?
The property is located at 5600 S 108th St Hales Corners, WI.
What are key features of this property?
This property features: 15‑year sale‑leaseback to Festival Foods (Skogen’s Foodliner, Inc DBA) guaranteed by MDSFest, Inc; Lease is absolute NNN with 1.00% annual increases; tenant and guarantor provide annual financials; Constructed in 2019: 67,309 SF free‑standing grocery store on 7.530 acres
