West Bend Center

Highlights

• Break-up Potential - With the strip center and boxes on separate parcels, investors can capitalize on the future cap rate arbitrage.
• Credit National Tenant Mix - 70.2% of the center is occupied by national brands, providing stable rental income and long-term investment security.
• Diverse & Stable Income Stream - A balanced income mix 59% retail, 32% service, and 9% restaurant tenants ensures reliable cash flow and sector diversification.
• High Tenant Demand - All four big-box spaces have signed 10-year leases within the last three years, reinforcing the locations strong retail demand and long-term desirability. Nearby retail centers Paradise Walk and Paradise Pavilion are 100% and 98.5% occupied respectively.
• Immediate Upside Potential -A 5,100 SF vacant unit presents an immediate leasing opportunity.
• Long Term Stability - 96% occupied by a quality mix of tenants including ROSS, Dunhams Sports, Old Navy, Subway and Great Clips.
• Premier Retail Asset - A rare opportunity to acquire a high-visibility, high-traffic retail center in the thriving West Bend market, just north of Milwaukee.
• Prime Location & Visibility - The property enjoys exceptional visibility and accessibility, attracting consistent foot traffic from the surrounding residential and commercial areas.
• Shadow Anchored by a High Traffic Walmart - Shadow-anchored by a Walmart ranked in the top 18% for foot traffic in Wisconsin.
• Strong Rent Growth Potential - With fixed rental escalations and below market in-place rents, the property ensures steady NOI growth, resulting in a strong 2.79% CAGR.

Location

Getting Around

• Bike Score ®

  25/100 Somewhat Bikeable

Points of Interest