January 10, 2025 – Zach Smith of Horvath & Tremblay has successfully completed the sale of the Southfield Center in Greenfield, Wisconsin. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $6,400,000.
The Southfield Center is located at 5001-5007 S 76th Street in Greenfield, Wisconsin. Southfield Center is an 11,145 square foot retail plaza positioned on a 1.43-acre parcel of land. The Property is 100% leased to a strong roster of national tenants. Constructed in 2021, Five Guys, Banfield Pet Hospital and Stanton Optical have 6+ years remaining on their leases with two (2), 5-year renewal options, and Naf Naf Grill has 8+ years remaining on their lease with two (2), 5-year options. Each lease features an attractive rent increase every 5 years throughout the primary lease terms and at the start of each renewal option period. Additionally, all of the tenants have NNN leases and are responsible for 100% of the operating expenses. Southfield Center is strategically located at the intersection of W Holmes Avenue and S 76th Street, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility and sees more than 26,900 vehicles per day. The Property is surrounded by national retailers and restaurants (including Walmart Supercenter and the Southridge Mall) that drive traffic to the area. Additionally, Southfield Center is convenient to densely populated residential neighborhoods and area schools that provide a built-in customer base. The Property is close to Interstates 41 and 43 and is approximately 8-miles from Downtown Milwaukee.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.