Retail Site with Remaining
For Sale
Contact for pricing
Pending
15551 W Cleveland Ave, New Berlin, WI 53151
The property is currently dark, with a 7-Eleven base lease term of about 6.5 years remaining and remaining rent due.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market143
Property Features for 15551 W Cleveland Ave
General Information
Standard status
Pending
Lot size
1.00 Acre
Property subtype
Retail
Listing Agency:
Fenolio Realty
Listed By:
Christopher Fenolio · License #CA 01887254
Source:
Crexi
Added: Apr 11
Changed: Aug 24
Last Checked: Aug 29 at 8:56AM
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 Fenolio Realty
Investment Insights
Based on property information with market context.
This retail site is currently dark and features an existing 7-Eleven lease structure. The base lease term has approximately 6.5 years remaining. According to the remarks, 7-Eleven has approximately $1,060,000 of remaining rent payments due under the lease.
The asset presents an option to pursue redevelopment or leasing activity for the roughly one-acre site while continuing to collect rent from 7-Eleven through the remaining base term, or to explore negotiating a lease termination payment with 7-Eleven.
As presented, the property offers a built-in income component tied to the existing tenant’s remaining lease obligations, paired with flexibility for future plans following lease discussions.
The asset presents an option to pursue redevelopment or leasing activity for the roughly one-acre site while continuing to collect rent from 7-Eleven through the remaining base term, or to explore negotiating a lease termination payment with 7-Eleven.
As presented, the property offers a built-in income component tied to the existing tenant’s remaining lease obligations, paired with flexibility for future plans following lease discussions.
Key Highlights
- 7‑Eleven base lease has about 6.5 years remaining
- Approximately $1,060,000 of remaining rent payments due under the lease
- Store is currently dark
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53151, WI
32,535
Population
14,324
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
1,859
Density / Sq Mi
$99,248
Median Household Income
$59,197
Median Earnings
$1,424
Median Rent
$351,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The property is currently dark, with a 7-Eleven base lease term of about 6.5 years remaining and remaining rent due.
Where is this grocery and convenience store located?
The property is located at 15551 W Cleveland Ave New Berlin, WI.
What are key features of this property?
This property features: 7‑Eleven base lease has about 6.5 years remaining; Approximately $1,060,000 of remaining rent payments due under the lease; Store is currently dark
