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Piggly Wiggly (Grocer) Center Milwaukee WI 123 W Oklahoma Ave 99,696 SF 97% Leased Retail Building Milwaukee, WI 53207 $18,504,866 CAD ($185.61 CAD/SF) 7% Cap Rate



Investment Highlights
- Grocery Anchored Property (Piggly Wiggly) and Three Outlots
- Corporate Lease | Piggly Wiggly is a Wholly Owned Subsidiary of C&S Wholesale Grocers, LLC, One of the Nation’s Largest Grocery Distributors
- Signalized Intersection (31,500 Vehicles per Day) | Just Off Interstate 94/43 (127,000 Vehicles per Day)
- Proven Tenant Roster With Strong Tenure: Piggly Wiggly (14.92 years), Goodwill (13.50 years), AutoZone (8.75 years), and Rosati’s Pizza (8.33 years)
- Dunkin’ Began a 10 Year Term in February 2026 | Additional Tenants with Strong Remaining Lease Term, Including Planet Fitness (Over 8 Years) and AT&T
- 97 Percent Occupied with All Tenants on Net Leases; Two Remaining Suites Totaling 3,188 Square Feet of Vacancy Offer Additional Upside Potential
Executive Summary
This grocery-anchored property features a long-standing Piggly Wiggly supported by three outlots and a highly stable tenant mix. The center is 97 percent occupied with all tenants on net leases, and the remaining 3,188 square feet vacancy offers modest upside. Tenancy is exceptionally durable, with anchor Piggly Wiggly in place nearly 15 years, alongside long-term operators such as Goodwill, AutoZone, and Rosati’s Pizza. Piggly Wiggly is a wholly owned subsidiary of C&S Wholesale Grocers, LLC, one of the nation’s largest grocery distributors, and this location is currently undergoing a substantial interior renovation. Recent momentum includes a new 10-year Dunkin’ lease that commenced in early 2026, while Planet Fitness and AT&T continue to provide strong lease-term depth, with five to eight years remaining. Strategically positioned at a signalized intersection just off Interstates 94/43, the property benefits from high daily traffic counts and excellent accessibility. It sits within a dense, amenity-rich corridor surrounded by major retail drivers, including Holt Plaza, Target, and The Home Depot, all of which attract significant annual visitation. The trade area is heavily populated with strong household incomes, substantial daytime employment, and multiple nearby schools, reinforcing consistent consumer traffic and long-term demand.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
99,696 SF
Building Class
B
Year Built
1985
Price
$18,504,866 CAD
Price Per SF
$185.61 CAD
Cap Rate
7%
NOI
$1,295,802 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.27
Lot Size
8.42 AC
Zoning
LB-2
Parking
350 Spaces (3.51 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Outlot Building
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,154-3,188 SF | Retail | - | Now |
1st Floor
| Size |
| 1,154-3,188 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,154-3,188 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Outlot Building
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,244,383 CAD | |
| Land Assessment | $746,195 CAD | Total Assessment | $14,990,578 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$746,195 CAD
Improvements Assessment
$14,244,383 CAD
Total Assessment
$14,990,578 CAD
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Piggly Wiggly (Grocer) Center Milwaukee WI | 123 W Oklahoma Ave
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