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Fleet Farm & Chase Bank - Milwaukee, WI N96 W18200 County Line Rd 181,048 SF 100% Leased Retail Building Germantown, WI 53022 $45,200,429 CAD ($249.66 CAD/SF) 6.46% Cap Rate
Investment Highlights
- Chase Bank - Brand New Construction - OutParcel
Executive Summary
- Fleet Farm (Private Company - Subsidiary of Golub Capital ($90B+ AUM) | 50+ Locations in WI, MN, IA, ND, and SD | Expanding Regional Name Brand and Value-Oriented Retailer (Apparel, Household Goods, Dry Goods, Farm & Pet Supplies, Outdoor & Sporting Goods, Automotive & Hardware Items, Full Automotive Repair, Tire Sales (Goodyear, Bridgestone, Michelin etc.) Brakes, Radiator, Full Service OEM Replacement parts, Full Service Gas Station, Automotive Car Wash, Full equipment rental, Farm and Construction equipment sales and financing are the company’s primary focus) | HQ: Appleton, WI - Established 1955 (Mid-West CostCo) Fleet Farm Visa Card since 2005 $1.3B gross sales (2025).
- JPMorgan Chase (NYSE: JPM) | Credit Rating: S&P: AA- / Outlook: Stable | JPM Manages $4.4 Trillion in Assets | JPMorgan is the Largest Bank in the U.S. | JPMorgan is the 22nd Largest Company in the US by Revenue | 5,000+ Bank Branches
- 15.5 -Years of Weighted Average Lease Term Remaining | Newly Executed Leases with Multiple Options | Fixed Rental Increases | Absolute NNN Investment with Zero Landlord Maintenance & Repair Responsibilities - 2% annual escalations - huge hedge against inflation.
- Diverse & Dynamic Retail Corridor | 0.5 Miles to Interstate 41 (87,873 VPD) | Stable & Affluent Demographics (58,678 Residents with an Average Household Income of $111,506 within 5 Miles) | 14.5 Miles Northwest of Downtown Milwaukee - Less than a 10 min drive
- JPMorgan Chase (NYSE: JPM) | Credit Rating: S&P: AA- / Outlook: Stable | JPM Manages $4.4 Trillion in Assets | JPMorgan is the Largest Bank in the U.S. | JPMorgan is the 22nd Largest Company in the US by Revenue | 5,000+ Bank Branches
- 15.5 -Years of Weighted Average Lease Term Remaining | Newly Executed Leases with Multiple Options | Fixed Rental Increases | Absolute NNN Investment with Zero Landlord Maintenance & Repair Responsibilities - 2% annual escalations - huge hedge against inflation.
- Diverse & Dynamic Retail Corridor | 0.5 Miles to Interstate 41 (87,873 VPD) | Stable & Affluent Demographics (58,678 Residents with an Average Household Income of $111,506 within 5 Miles) | 14.5 Miles Northwest of Downtown Milwaukee - Less than a 10 min drive
Sale Flyer
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
181,048 SF
Building Class
B
Year Built/Renovated
1980/2025
Price
$45,200,429 CAD
Price Per SF
$249.66 CAD
Cap Rate
6.46%
NOI
$2,919,088 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
17.83 AC
Zoning
B-3
Parking
450 Spaces (2.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Car Charging Station
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Fleet Farm has been serving hardworking families since 1955. They’re built on a foundation of Midwestern values. One could say they’re a lot like their customers. They believe in honoring tradition, taking pride in their work and doing what’s right. At Fleet Farm, people will find the heart of a general store, with the expertise and selection of a specialty store. They’re the one-stop shop with a welcoming, neighborly shopping experience. Fleet Farm is local. They live here, work here and are proud to be part of the communities they serve. They deliver the best products to their hardworking customers. No matter who someone is, there’s something for everyone at Fleet Farm. It’s like their customers say, “If Fleet Farm doesn’t have it, I don’t need it.” So stop in and see what they’re all about. They look forward to seeing new customers soon.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
4,229
36,075
61,820
2030 Population
4,267
36,374
62,445
2025-2030 Projected Population Growth
0.9%
0.8%
1.0%
Median Age
44.0
44.9
44.8
College Degree + Higher
40%
41%
43%
Daytime Employees
3,680
26,736
50,547
Total Businesses
331
2,240
3,519
Average Household Income
$109,504
$113,169
$119,491
Median Household Income
$93,212
$93,603
$96,227
Total Consumer Spending
$59.4M
$520.2M
$899.9M
2025 Households
1,806
15,682
26,019
Average Home Value
$374,025
$385,308
$420,233
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Crumbl Cookies | - | - | 3 min walk |
| Starbucks | Cafe | $ | 6 min walk |
| Jimmy John's | Fast Food | $ | 7 min walk |
| Buffalo Wild Wings | - | - | 7 min walk |
| KFC | - | - | 6 min walk |
| Applebee's | American | $$$ | 7 min walk |
| Chick-Fil-A | - | - | 9 min walk |
| Wendy's | - | - | 10 min walk |
| McDonald's | - | - | 11 min walk |
| Cracker Barrel Old Country Store | - | - | 12 min walk |
Retail |
||
|---|---|---|
| T-Mobile | Wireless Communications | 3 min walk |
| FedEx Office | Business/Copy/Postal Services | 3 min walk |
| At&t Wireless | Wireless Communications | 4 min walk |
| Aspen Dental | MD/DDS | 5 min walk |
| Verizon | Wireless Communications | 6 min walk |
| U.S. Bank | Bank | 5 min walk |
| Kohl's | Dept Store | 6 min walk |
| Hobby Lobby | Hobby | 7 min walk |
| ALDI | Supermarket | 10 min walk |
| Menards | Home Improvement | 12 min walk |
Sale Advisors
Sale Advisors
Matt Berres,
Vice Chairman
Matt Berres is an Executive Managing Director with Newmark’s Net Lease Capital Markets group, a select team of Capital Markets professionals who specialize in the sale, purchase and recapitalization of net leased retail, industrial and office properties throughout the United States. Newmark’s Net Lease Practice group offers an array of core services, including net lease disposition and acquisition advisory, 1031 exchange transactions, sale-leasebacks, portfolio analysis, valuation analysis, market and demographic evaluation, build-to-suit and capital markets consultation. Berres brings to Newmark more than 12 years of expertise in single-tenant deals. A top producer nationally, Berres has closed more than 300 sales transactions valued in excess of $2.5 billion for pension fund advisors, REITs, developers, private high net worth, 1031 exchange and foreign Investors. These transactions include the Walgreens corporate headquarters, Kroger Net Lease Grocer Portfolio, Federal Express warehouse buildings, more than 150 bank branch facilities, Top Golf locations, Veterans Affairs/GSA facilities and mission-critical office assets. Prior to joining Newmark in 2019, Berres was a Managing Director with Jones Lang LaSalle’s Net Lease Property Group, where he assisted clients in the acquisition and disposition of single tenant investments throughout the country. From 2015 to 2018, he was JLL’s No. 1 ranked producer nationwide. Prior to his career in commercial real estate, Berres played professional golf on various professional golf mini-tours around the country, including the Gateway Tour, US Pro Golf Tour, Pepsi Tour, Dakotas Tour and Nationwide Tour. Berres is President of Young Real Estate Professionals (YREP) and an active member of the Wisconsin Real Estate Alumni Association, International Council of Shopping Centers (ICSC), ICSC Next Generation, Urban Land Institute (ULI) and ULI Young Leaders. He earned a Bachelor of Arts degree in finance, investments and banking from the University of Wisconsin-Madison. Berres is active in the Orange County community, serving in various non-profit organizations, and in his church. He also enjoys competing in amateur golf tournaments, beach volleyball, surfing, and spending time with his wife, Brittany, daughter, Olivia and son Luca.
Kyle Miller, Executive Managing Director
Kyle R. Miller joined Newmark in 2018 and currently serves as an Executive Managing Director of its West Coast retail team in Los Angeles. Miller specializes in representing institutional and private clients in capital market transactions and investment sales. He has to date completed transactions with a combined value in excess of $5 billion.
Prior to Newmark, Miller worked for nine years at Savills Studley as a Senior Managing Director. In this role, he advised clients on the acquisition and disposition of retail properties, including neighborhood, community, power center and single-tenant investments.
Prior to Savills Studley, Miller served as a Vice President at Colliers International for two years. He began his career at Grubb & Ellis, now a part of Newmark, where he served as an associate director for two years.
Prior to Newmark, Miller worked for nine years at Savills Studley as a Senior Managing Director. In this role, he advised clients on the acquisition and disposition of retail properties, including neighborhood, community, power center and single-tenant investments.
Prior to Savills Studley, Miller served as a Vice President at Colliers International for two years. He began his career at Grubb & Ellis, now a part of Newmark, where he served as an associate director for two years.
William Bauman, Vice Chairman
Bill Bauman joined Newmark Knight Frank's Capital Markets team in January 2018 as a vice chairman in the firm's Downtown Los Angeles office, where he heads a full-service retail brokerage team specializing in retail land planning, developer consultation and investment sales. A 30-year industry veteran, Mr. Bauman has completed more than $19 billion in transactions.
Mr. Bauman has an extensive background in land acquisition and disposition programs, pre-leasing commitments, retail tenant representation, investment sales, development consulting services and overall retail market analysis. His team provides comprehensive tenant representation consultation services, including expert market and trade area analysis, competitor analysis, lease negotiation services, implementation of roll-out strategies and overall market expertise.
Recognized nationally as one of Real Estate Forum's top brokers, Mr. Bauman has represented a distinguished clientele of institutional and private owners in the execution of their real estate initiatives. He actively participates in the entire real estate process, tailoring strategies to meet the particular needs of his clients.
Prior to Newmark Knight Frank, Mr. Bauman served for eight years as a vice chairman of Savills Studley's National Retail Service Group. He was the firm's top retail producer in the country for nine consecutive years and was consistently among its top overall producers nationally.
Previously, Mr. Bauman was a senior vice president, partner and manager at Colliers International, where he built the firm's full-service Retail Properties Group. He was also the top retail producer for Colliers International from 1994 to 2008, and for six of the last eight years, he was the top producer overall for Colliers International Southern California region for six of the last eight years.
Mr. Bauman has an extensive background in land acquisition and disposition programs, pre-leasing commitments, retail tenant representation, investment sales, development consulting services and overall retail market analysis. His team provides comprehensive tenant representation consultation services, including expert market and trade area analysis, competitor analysis, lease negotiation services, implementation of roll-out strategies and overall market expertise.
Recognized nationally as one of Real Estate Forum's top brokers, Mr. Bauman has represented a distinguished clientele of institutional and private owners in the execution of their real estate initiatives. He actively participates in the entire real estate process, tailoring strategies to meet the particular needs of his clients.
Prior to Newmark Knight Frank, Mr. Bauman served for eight years as a vice chairman of Savills Studley's National Retail Service Group. He was the firm's top retail producer in the country for nine consecutive years and was consistently among its top overall producers nationally.
Previously, Mr. Bauman was a senior vice president, partner and manager at Colliers International, where he built the firm's full-service Retail Properties Group. He was also the top retail producer for Colliers International from 1994 to 2008, and for six of the last eight years, he was the top producer overall for Colliers International Southern California region for six of the last eight years.
Aldy Damian,
Broker / Manager
Aldy Damian has 35 Years of experience and has transacted over 1,500,000 sq ft of commercial real estate. Over $150 Million in financing, sales and 1031 exchanges.
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Fleet Farm & Chase Bank - Milwaukee, WI | N96 W18200 County Line Rd
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