5600 Bayshore Dr Glendale, WI 53217

Property Details for 5600 Bayshore Dr

Year built

2005

Lot size

0.52 lot acres

Property size

4,878 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 4,878 square foot, fee-simple retail property in Glendale, Wisconsin, within the Milwaukee MSA. The property boasts 100% occupancy with two strong tenants: First Citizens Bank and Crumbl Cookies. Both tenants operate under triple-net (NNN) leases, minimizing landlord expenses and offering predictable cash flow. The First Citizens Bank location includes a convenient drive-thru. Scheduled rent increases are built into the leases, providing protection against inflation and growing net operating income (NOI), currently at $221,688, representing a 7.00% cap rate on the $3,167,000 asking price. Built in 2005, this single-building property sits on a 0.52-acre lot and includes 116 parking spaces. The property is zoned as a Planned Unit Development (PD) District. Its strategic location within the Bayshore shopping center, a 1.27M+ square foot mixed-use center anchored by Target and other national retailers, ensures high visibility and significant foot traffic. Bayshore attracts over 5.5 million annual visitors. The property benefits from its proximity to major roadways, including Interstate 43, and a dense residential population with high average household incomes. The 5-mile trade area boasts over 274,500 residents and 110,800 daytime employees, with an average household income exceeding $174,999 within a 1-mile radius. This presents a compelling investment opportunity with strong tenant synergy, high visibility, and significant growth potential.

Location Insight

City

Glendale

County

Milwaukee

State

Wisconsin

Longitude

-87.9138

Latitude

43.1189