Upscale shopping center built in 2003 in Mequon Wisconsin, a lovely suburb north of Milwaukee on Interstate 43. Gross rent $170,200. Seller projects a 6.5 CAP. Located on busy W. Mequon Rd (Wis Hwy 167 & 57), where traffic count is 22,800 VPD. Features 4 beautifully decorated retail spaces, a total of 11,300 square feet, a 50 car parking lot, and 2 acres of land. The successful Wooden Goose Restaurant has a long term lease. AT BUYER'S OPTION the Bridal Shop and Dayware Shop can either stay or relocate. The 4th retail space is a spa & plastic surgery clinic. The businesses are not for sale.
Interstate 43 North of Milwaukee to Mequon Rd Exit. Property is approx 2 blocks west of Port Washington Road on north side of Mequon Rd.
The approximate monthly Principal & Interest payment for this property would be $10,364. This payment is based on a 30-year loan at a fixed rate of 3.95 % with a down payment of $192,500. Actual lender interest rates and loan programs may vary.
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