Germantown Retail for Sale - Washington East
Newmark Capital Markets and Accredas Investments are proud to present a rare investment opportunity for qualified investors: the acquisition of a fee simple interest in a premier, two-tenant, absolute NNN-leased Fleet Farm & Chase Bank property, ideally situated in the retail suburb of Milwaukee, Wisconsin.
• Fleet Farm, established 1955. 56-year occupancy history. Landmark Midwest retailer.
• Scale: 50+ locations. 18-acre contiguous parcel.
• Financials: $1.6 Billion annual sales. 10% YoY sales growth. 12% projected growth for year-end 2026.
• Fintech: Co-branded "Fleet Rewards Visa" program since 2001.
Credit & Lease Structure
• Parent Ownership: Golub Capital (NASDAQ: GBDC) with $150+ Billion AUM.
• Out-Lot Tenant: Brand new construction Chase Bank. Backed by JPMorgan Chase with $4.4 Trillion in assets.
• Lease Terms: 16 years remaining. Absolute NNN lease. 2% annual escalations.
Real Estate & Corridor Dynamics
• Location: Corner of County Line Rd. and Appleton Ave. 10 minutes to downtown Milwaukee.
• Traffic: 78,000 cars per day.
• Site Validation: Chase Bank targeted this corner for over 2 years prior to development.
• Synergy: Immediate neighbors include Walmart, Menards, Kohl's, and Hobby Lobby.
Department & Brand Mix
• Automotive & Tires: Gas station, fuel center, multi-bay repair shop, oil changes, equipment rentals. Tire brands: Michelin, Cooper Tires, Goodyear, BFGoodrich, and Road Runner.
• Workwear & Apparel: Clothing and footwear hub. Apparel brands: Carhartt, Dickies, Levi's, Wrangler, Columbia, Under Armour, and Field & Forest. Footwear brands: Thorogood, Ariat, Timberland PRO, KEEN Utility, Wolverine, Danner, Muck Boot, and Skechers.
• Hardware & Tools: Doors, windows, flooring, and cabinets. Tool and machinery brands: Milwaukee Tool, DeWalt, Makita, Bosch, Craftsman, Husqvarna, Cub Cadet, and Toro.
• Agri-Supply & Feed: Light-duty farm equipment. Machinery brands: King Kutter, Tar River, and Fields Edge. Animal feed brands: Purina, Nutrena, and Country Feeds. Fertilizer brands: Scotts, Miracle-Gro, and Milorganite.
• Sporting Goods: Hunting rifles, shotguns, ammunition, hunting equipment, and fishing gear.
• Consumer Essentials: Grocery, pharmacy, cosmetics, jewelry, nursery, pet supplies, pet food, and pet vaccinations.
Moat & Sponsorships
• Slogan: "If we don't have it, you don't need it."
• Alignments: Official sponsor of the Green Bay Packers and Milwaukee Brewers. Features a dedicated stadium entrance and exclusive Stadium Club at Lambeau Field.
