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2725-2735 W Oklahoma Ave
Milwaukee, WI 53215
Noodles & Company and Mad Chicken · Retail Property For Sale
Investment Highlights
- Top Performing Noodles & Company: Ranked #2 nationwide (out of 413 stores) and #1 in Wisconsin, with 20+ years of operating history at this site.
- Long-Term Tenancy: Noodles operating since 2003; Mad Chicken recently extended lease through January 2031.
- Stable Two-Tenant Net Lease: 100% occupied by Noodles & Company (NASDAQ: NDLS) and Mad Chicken (WI-based regional chain with 20+ stores).
- Adjacent to Aurora St. Luke’s Medical Center (970+ beds, 4,000 employees), plus nearby Maynard Steel and Carmen High School.
Executive Summary
Mid-America Real Estate – Wisconsin is pleased to present the exclusive offering of a 100% occupied, two-tenant retail building located at 2735 W. Oklahoma Avenue, Milwaukee, WI. The property is anchored by Noodles & Company (#2 ranked location nationally per Placer.ai, #1 in Wisconsin) alongside Mad Chicken, a fast-growing regional brand with 20+ locations across nine states.
The building totals 3,885 SF on 0.33 acres and benefits from a prime location along Oklahoma Avenue and South 27th Street (combined 47,800+ vehicles per day). The site offers long-term stability with established tenancy since 2003, recent lease extensions, and contractual rental escalations. Both tenants operate under landlord-friendly NN+ leases with CAM, tax, and insurance reimbursement.
Situated in Milwaukee’s south side trade area, the property draws from 400,000+ residents within 5 miles and a strong employment base anchored by Aurora St. Luke’s Medical Center across the street. Nearby retail anchors include Walmart Supercenter, Chipotle, Starbucks, Buffalo Wild Wings, and Burger King, driving consistent cross-shopping traffic.
The building totals 3,885 SF on 0.33 acres and benefits from a prime location along Oklahoma Avenue and South 27th Street (combined 47,800+ vehicles per day). The site offers long-term stability with established tenancy since 2003, recent lease extensions, and contractual rental escalations. Both tenants operate under landlord-friendly NN+ leases with CAM, tax, and insurance reimbursement.
Situated in Milwaukee’s south side trade area, the property draws from 400,000+ residents within 5 miles and a strong employment base anchored by Aurora St. Luke’s Medical Center across the street. Nearby retail anchors include Walmart Supercenter, Chipotle, Starbucks, Buffalo Wild Wings, and Burger King, driving consistent cross-shopping traffic.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,885 SF
Building Class
B
Year Built
2003
Price
$2,301,810 CAD
Price Per SF
$592.49 CAD
Cap Rate
6.87%
NOI
$158,085 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.33 AC
Zoning
LB2
Parking
30 Spaces (7.72 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Number | 533-0792-000-6 | Improvements Assessment | $911,739 CAD |
| Land Assessment | $196,115 CAD | Total Assessment | $1,107,853 CAD |
Property Taxes
Parcel Number
533-0792-000-6
Land Assessment
$196,115 CAD
Improvements Assessment
$911,739 CAD
Total Assessment
$1,107,853 CAD
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