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2543-2545 N Mayfair Rd

16,348 SF 100% Leased Retail Building Milwaukee, WI 53226 $4,458,288 CAD ($273 CAD/SF) 7.74% Cap Rate

Investment Highlights

  • Minimal Landlord Obligations NNN lease structures
  • Significant Future Development in the Area
  • The Mayfair Road corridor is a proven, high-demand retail destination that supports consistent tenant performance, making it a low-risk investment
  • The property is fully leased and operational, allowing for immediate income generation with no downtime

Executive Summary

Located directly across from Wisconsin’s highest-performing retail destination, Mayfair Mall, this fully leased 16,348-square-foot retail center offers a prime investment opportunity. Anchored by high-quality tenants such as Yardbird, a Best Buy brand, and The Vitamin Shoppe, the property benefits from a strategic position in Wauwatosa’s bustling Mayfair Road trade area. With over 7 million visits to the neighboring mall annually and 29,000 vehicles passing daily, this center enjoys incredible visibility and foot traffic.
The property’s proximity to ongoing multi-million-dollar developments, including new luxury apartments and a flagship Dick’s House of Sport, ensures sustained growth and increased customer base. This location is supported by strong demographics, with a population of over 306,000 within five miles and an average household income of $95,306.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,348 SF
Building Class
C
Year Built
1991
Price
$4,458,288 CAD
Price Per SF
$273 CAD
Cap Rate
7.74%
NOI
$345,118 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
Commercial
Parking
102 Spaces (6.24 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Pylon Sign
  • Air Conditioning

Nearby Major Retailers

U.S. Bank
Cheesecake Factory
Villa Italian Kitchen
Five Guys
Starbucks
P.F. Chang's
Maggiano's Little Italy
Fitness Together
Buffalo Wild Wings
Texas de Brazil
  • Listing ID: 33170748

  • Date on Market: 2024-09-13

  • Last Updated:

  • Address: 2543-2545 N Mayfair Rd, Milwaukee, WI 53226

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