17500 Capitol Dr Brookfield, WI 53045-2032

Property Details for 17500 Capitol Dr

Lot size

1.27 lot acres

Property type

Commercial real estate

APN

BR C1024997010

APU

BRC1024997010

Description

This exceptional investment opportunity presents a fee-simple interest in a 13,888 square foot, Class B medical office building located at 17500 W Capitol Dr, Brookfield, WI 53045, within the affluent Milwaukee MSA. The property is 100% occupied by Fresenius Kidney Care under a corporate-guaranteed, triple-net (NNN) lease with nine years remaining and three five-year renewal options. The lease boasts annual rental increases of 1.70% throughout the initial term, providing a hedge against inflation and steadily growing net operating income (NOI). The building, constructed in 2018, features 42 parking spaces and sits on a 1.27-acre lot zoned PDD (Planned Development District). The property enjoys excellent visibility and accessibility along W. Capitol Drive, with an average daily traffic count of 38,000 vehicles. Its strategic location within a dense retail corridor, near major shopping centers like Mayfair Mall and The Mayfair Collection, and in close proximity to Ascension SE Wisconsin Hospital (108 beds), ensures strong tenant demand and a robust consumer base. The surrounding area boasts an affluent demographic profile, with an average household income exceeding $155,561 within a one-mile radius and a combined population and daytime employment exceeding 228,400 within a five-mile radius. The property's NOI is $298,475, resulting in a 6.00% cap rate and an asking price of $4,975,000 ($358.22/sq ft). This is a low-management, passive investment opportunity with significant long-term growth potential.

Location Insight

City

Brookfield

County

Waukesha

State

Wisconsin

Longitude

-88.1295

Latitude

43.0908

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments