Oakbridge Center Retail
7940 Tree Ln Madison, WI 53717
7940 Tree Ln, Madison, WI, 53717
$9,500,000
For Sale
$9,500,000
Fully occupied retail center with long-term tenants in Madison.
Property Size54,364 SF
Price / SF$174.75
Days on Market98
Property Features for 7940 Tree Ln
General Information
- Standard status
- Active
- Size
- 54,364 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1988
Listing agency
Marcus & Millichap - Milwaukee
(262) 364-1924
Listed by
Jeff R. Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source
Marcusmillichap
Added: Apr 16 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 2:09AM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
The Oakbridge Center is a fully occupied retail property located on the west side of Madison. The property is situated in a busy retail corridor. All leases are triple net. Brothers Main and Rocky Rococo occupy 45.9 percent of the building and recently signed 10-year extensions. The property size is 54364 square feet.
Key Highlights
- 100% Occupancy ensures immediate income.
- Triple Net Leases minimize landlord responsibilities.
- Strong Tenant Base includes Brothers Main and Rocky Rococo, occupying 45.9% of the building.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.17M | $21.60 |
| − Vacancy | −$63.4k | −$1.17 |
| EGI | $1.11M | $20.43 |
| − OpEx | −$333.3k | −$6.13 |
| NOI | $777.6k | $14.30 |
54,364 SF · lease $21.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$11.11M
$9.72M – $12.96M
NOI $777,597 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.88M
$13.90M – $18.53M
NOI $1,111,635 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Salon 31
Hair Salon
The Experience Salon
Hair Salon
Detailed Designs
Hair Salon
I Capelli Salon
Hair Salon
RLB.beauty
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- High Point Center — 7475 Mineral Point Rd, Madison, WI 53717
- Oakbridge Commons — 7874 Mineral Point Rd, Madison, WI 53717
- Cambridge Court Center — 7428 Mineral Point Rd, Madison, WI 53717
- Coinstar Kiosk | Bitcoin ATM — Roundy's Inc, 261 Junction Rd, Madison, WI 53717
- West Towne Crossing — 37 W Towne Mall, Madison, WI 53719
FAQs
What type of property is this?
Shopping center - Fully occupied retail center with long-term tenants in Madison.
Where is this shopping center located?
The property is located at 7940 Tree Ln Madison, WI.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 100% Occupancy ensures immediate income.; Triple Net Leases minimize landlord responsibilities.; Strong Tenant Base includes Brothers Main and Rocky Rococo, occupying 45.9% of the building.
