Retail Site with Remaining
15551 W Cleveland Ave New Berlin, WI 53151
15551 W Cleveland Ave, New Berlin, WI, 53151
Contact for pricing
For Sale
Contact for pricing
Pending
The property is currently dark, with a 7-Eleven base lease term of about 6.5 years remaining and remaining rent due.
Lot Size1.00 Acre
Days on Market103
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 Updated: Jul 21 at 1:31PM Checked: Jul 21 at 1:31PM
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
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
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
