2545 Mayfair Rd Wauwatosa, WI 53226-1402

Property Details for 2545 Mayfair Rd

Property type

Commercial real estate

APN

336-9999-14

APU

336999914

Description

This exceptional two-tenant shopping center, located at 2545 N Mayfair Rd in Wauwatosa, WI 53226, presents a compelling investment opportunity. The 16,348-square-foot property, built in 1991, sits on a 1.37-acre lot and boasts 102 parking spaces. Currently 100% occupied by a Vitamin Shoppe and Yardbird, both credit-rated tenants, under a NNN lease structure, the property offers significant advantages. The remaining lease term is 5.4 years, ensuring a stable income stream. The property generates a Net Operating Income (NOI) of $245,391 annually. Its strategic location directly across from Mayfair Mall, Wisconsin's top-performing retail destination, ensures high visibility and substantial foot traffic, benefiting from over 7 million annual mall visits and 29,000 daily vehicle pass-bys. The strong demographics of the area, with over 306,000 people within a five-mile radius and an average household income exceeding $95,000, further solidify its investment potential. The asking price is $3,170,000. The property's proximity to ongoing multi-million-dollar developments, including new luxury apartments and a flagship Dick's House of Sport, promises continued growth and increased customer base. The low landlord responsibilities inherent in the NNN lease structure minimize operational burdens, making this a low-risk, high-reward investment with immediate cash flow. The property features one, two-story building and the APN is 336-9999-004. There is no ground lease.