2301-2359 Silvernail Rd Pewaukee, WI 53072

Property Details for 2301-2359 Silvernail Rd

Lot size

8.80 lot acres

Property size

29,427 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Silvernail Village Shopping Center, located at 2301-2359 Silvernail Rd, Pewaukee, WI 53072, presents a compelling investment opportunity. This 29,427 square foot retail property, situated on an 8.8-acre lot, offers a 90% occupancy rate with a modified lease structure across multiple tenants. The property boasts a prime location in Waukesha County's desirable commercial district, enjoying high visibility from I-94 due to its proximity to two freeway exit ramps. The center features a diverse tenant mix including dining, entertainment, shopping, medical, wellness, and fitness options. Significant nearby businesses include Pick'n Save, McDonald's, Culver's, AT&T, Walgreens, Office Depot, and Papa Murphy's, further enhancing the property's appeal. The asking price is $2,325,000, translating to $79 per square foot. The property includes a large pylon sign and prominent facade signage. Recent improvements include parking lot resurfacing in 2022. Below-market rental rates offer potential for future income growth through lease adjustments. The offering includes a controlling interest in the condo association, encompassing eight of ten front units and six of ten back units. Opportunities exist to acquire remaining units for complete ownership. The property's APN numbers are WAKC0974017, WAKC0974018, WAKC0974019, WAKC0974020, WAKC0974021, WAKC0974024, WAKC0974025, WAKC0974026, WAKC0974027, WAKC0974028, WAKC0974029, WAKC0974030, WAKC0974031, WAKC0974032, WAKC0974033, WAKC0974034, WAKC0974035, WAKC0974036001, WAKC0974036, WAKC0974038, WAKC0974039. The property's strategic location near GE Healthcare campus, Waukesha County Airport, and Waukesha County Expo Center adds to its long-term value.

Location Insight

City

Pewaukee

County

Waukesha

State

Wisconsin

Longitude

-88.2654

Latitude

43.0447