The Boulder Group has been selling a single-tenant Taco Bell at 4025 N. 124. closedNS St. in Brookfield, Wisconsin, for $ 1.65 million.
The 2,080-square-foot Taco Bell is located along North 124th Street (19,900 VPD) and is less than half a mile from Interstate 41, which has more than 142,000 vehicles daily.
Nationally recognized employers in the area include Briggs & Stratton and Milwaukee Tools. There are two major shopping centers nearby: Shoppers World of Brookfield and The Mayfair Collection. The area’s retail structure consists of tenants such as Whole Foods, Meijer, The Home Depot, Nordstrom Rack, Ulta, J. Crew, Burlington, DSW and many more.
There are more than 242,114 people living within five miles of the property with an average annual household income of $ 86,459. The property is 10 miles northwest of downtown Milwaukee.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides on the transaction. The seller was a local real estate investor and the buyer was a real estate investor based in the southeast.
The remaining term of the main lease is more than 23 years. Tenant Pacific Bells has been in business since 1986 and operates more than 242 locations in eight states.
