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Property profile & analytics
FOR LEASE
Drug stores

601 Meadowbrook Rd Waukesha, WI 53188

14,418 SF 1.5 ac lot Built 2000
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US92-0720358
Property summary
AI-generated overview

Meadowbrook Marketplace, located at 601 Meadowbrook Rd, Waukesha, WI 53188, presents a prime retail investment opportunity. This 112,010 square foot neighborhood center sits on one acre of land in Waukesha County and offers multiple tenancy options. Currently, there are six available spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,400 square feet, with a total of 6,800 square feet currently vacant. The center enjoys a highly visible location at the heavily trafficked intersection of Meadowbrook Road (Highway TT) and Summit Avenue (Highway 18), boasting over 20,000 vehicles per day. This strategic location benefits from its proximity to the University of Wisconsin-Waukesha (approximately 810 students), a nearby youth sports complex, and a summer camp, ensuring a consistent flow of potential customers. The property is anchored by Sendik's, the only upscale grocer serving Waukesha, further enhancing its appeal and drawing power. Excellent accessibility and visibility are ensured by its location along Waukesha's newly constructed bypass. This property offers a unique blend of high traffic, strong demographics, and a desirable location, making it an exceptional investment opportunity.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2000
Total area 14,418 SF
Lot 1.5 ac (65,340 SF)
Zoning code B-5 (PUD)
APN WAKC0990047
UPID US92-0720358
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Sara Krieser, PharmD Pharmacy
  • Walgreens Pharmacy
  • Walgreens Pharmacy Pharmacy
  • FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Meadowbrook Marketplace Associates · 3 yrs held
Meadowbrook Marketplace Associates
since 2023
Last sale
$14.9M
4 recorded transactions
2023
$14.9M
2019
Price N/A
2017
Price N/A
2012
$9.6M
Zoning & alternative use
B-5 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

To provide for the orderly and attractive grouping at appropriate locations along principle highway routes and through highways of those businesses and customer services which are logically related and dependent upon highway traffic or which are specifically designated to serve the needs of such traffic, The PUD Overlay District is intended to permit develop…

Zone name Community Business Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 232.37 ac
Source Realmo
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