May 13, 2022 – Matt Nadler and Jason Woods of Horvath & Tremblay have successfully completed the sale of a Save A Lot in Milwaukee, Wisconsin. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,651,558.
Save A Lot is located at 2322 West Oak Street in Milwaukee, Wisconsin. The Property consists of 18,931 square feet on a 1.24-acre parcel just outside of downtown Milwaukee. The Property was remodeled for Save A Lot in 2017 when they signed a 10-year, double-net lease. There are currently 5+ years of lease term remaining followed by five (5), 5-year renewal options. The lease features fixed rental increases at the start of each renewal option. The Property is well located at the signalized intersection of West Oak Street and West Fond Du Lac Avenue, a main artery leading into Downtown Milwaukee. Save A Lot enjoys good visibility and access from both directions of traffic and is just 1 mile from Interstate 43. Save A Lot is well located just outside of downtown Milwaukee on the northwest side and is situated along a municipal bus line that starts in the downtown area and follows Wisconsin Highway 145. The Northwest Side offers a transition from the urban character of Milwaukee to the suburban nature of the surrounding communities. The area is marked by easy access to freeways, commercial corridors, and industrial and office parks.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.