Washington Place

Newmark is pleased to offer Washington Place, a 100% fee-simple, stabilized neighborhood retail asset located at 1003–1005 Washington Street in Grafton, Wisconsin. Totaling approximately 11,000 SF, the property is prominently positioned along the State Highway 60 trade corridor, just 1.5 miles west of Interstate 43 and within blocks of Downtown Grafton—one of Ozaukee County’s most active and rapidly evolving mixed-use districts.

The center benefits from strong visibility, dual ingress/egress, and consistent traffic counts driven by its proximity to the signalized intersection of Highway 60 and Highway O (12th Avenue). As a daily-needs retail destination anchored by necessity-based tenancy, Washington Place is supported by surrounding residential density, nearby employment centers, and sustained investment activity in the downtown core.

Long-term stability is underscored by Little Friends Learning Center, an anchor tenant with nearly 30 years of continuous occupancy, demonstrating durable tenancy, enduring market relevance, and historically stable cash flow.

Fully stabilized neighborhood retail asset, 100% leased

True NNN lease structure (tenant responsible for taxes, insurance, and maintenance)

Long-term anchor tenancy: Little Friends Learning Center with approximately 30 years of continuous occupancy

Durable, predictable cash flow

Embedded value: below‑market in‑place rents with mark‑to‑market upside

Prime infill location a few blocks from Downtown Grafton, with strong pedestrian activity and surrounding residential density

Strong regional fundamentals: proximity to national retailers, healthcare anchors, and major employment centers

Located within Grafton’s TIF District No. 6

Compelling risk‑adjusted returns over a 7‑year hold: approximately 12%+ average cash‑on‑cash, ~21% IRR, and an estimated 3.21x equity multiple (return on equity)