Net Leased Grocery Convenience
For Sale
Contact for pricing
S74 W17005 Janesville Road, Muskego, WI 53150
Corporately guaranteed NN lease with CPI-based rent increases, plus minimal landlord responsibilities, on a prominent corner site.
Property SizeContact for details
Days on Market122
Property Features for S74 W17005 Janesville Road
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
17,300 vehicles/day
Listing Agency:
SRS Real Estate Partners Chicago
(312) 279-5345
Listed By:
Sean Lutz · License #IL 475132482
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 1:54PM
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 SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
Pick ‘n Save grocery convenience store located at S74 W17005 Janesville Road, Muskego, WI 53150, offered on a net (NNN-style) basis with minimal landlord responsibilities limited to roof, foundation, exterior supporting walls, canopies and facade. The tenant, Pick ‘n Save, has just under 7 years remaining on their initial term and two (5-year) option periods. The lease includes CPI rental increases every 5 years during the initial term and at the beginning of each option period, with the next increase noted for January 2020.
The lease is corporately guaranteed by Roundy’s Supermarkets, the parent company of Pick ‘n Save, which was acquired by Kroger. The property sits on a corner site at the southeast corner of Janesville Road and Lannon Drive, with visibility and access along Janesville Road (17,300 VPD), a major arterial thoroughfare running southwest out of Milwaukee and paralleling I-43. Directly across Janesville Road, Parkland Towne Center is under construction, including four commercial retail buildings totaling approximately 50,000 SF and three four-story apartment buildings totaling 90 units.
The immediate trade area is supported by an affluent household income of $106,394, with the 5-mile trade area supported by a dense population of approximately 64,000 and average household income of $104,567.
The lease is corporately guaranteed by Roundy’s Supermarkets, the parent company of Pick ‘n Save, which was acquired by Kroger. The property sits on a corner site at the southeast corner of Janesville Road and Lannon Drive, with visibility and access along Janesville Road (17,300 VPD), a major arterial thoroughfare running southwest out of Milwaukee and paralleling I-43. Directly across Janesville Road, Parkland Towne Center is under construction, including four commercial retail buildings totaling approximately 50,000 SF and three four-story apartment buildings totaling 90 units.
The immediate trade area is supported by an affluent household income of $106,394, with the 5-mile trade area supported by a dense population of approximately 64,000 and average household income of $104,567.
Key Highlights
- NN leased Pick ’n Save grocery store in Muskego, WI with a corporate guarantee from Roundy’s Supermarkets (acquired by Kroger).
- Tenant has just under 7 years remaining on the initial term, with two 5‑year option periods.
- CPI‑based rental increases every 5 years during the initial term and at the start of each option period; next increase in January 2020.
Property Analytics
Current Use
Lease Details
17,300 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53150, WI
25,804
Population
10,546
Households
2.4
Avg Household Size
46
Median Age
44%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
755
Density / Sq Mi
$113,125
Median Household Income
$55,085
Median Earnings
$1,230
Median Rent
$390,500
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 - Corporately guaranteed NN lease with CPI-based rent increases, plus minimal landlord responsibilities, on a prominent corner site.
Where is this grocery and convenience store located?
The property is located at S74 W17005 Janesville Road Muskego, WI.
What are key features of this property?
This property features: NN leased Pick ’n Save grocery store in Muskego, WI with a corporate guarantee from Roundy’s Supermarkets (acquired by Kroger).; Tenant has just under 7 years remaining on the initial term, with two 5‑year option periods.; CPI‑based rental increases every 5 years during the initial term and at the start of each option period; next increase in January 2020.
