WHITNALL SqUARE

Whitnall Square
St. Francis, Wisconsin
Offering Summary
M
AY
Real Estate
Whitnall Square
Exclusive Advisor:
MAY REAL ESTATE LLC
1415 W. 22nd Street, Tower Floor
Oak Brook, IL 60523
630-990-7900
mayre.com
For further information contact:
John May
Chris LaBounty
o 630-990-7979
c 630-379-4500
[email protected]
o 630-990-7997
c 630-263-2603
[email protected]
M
AY
Real Estate
Whitnall Square
The mall has a historical and current occupancy of approximately 95%.
Offering and Highlights
May Center Advisors has been retained to sell the 100% fee simple
interest in Whitnall Square, St. Francis, Milwaukee County, Wisconsin.
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High performing Pick ‘n Save anchored neighborhood center serving
the dense neighborhoods of south Milwaukee, St. Francis and Cudahy
along with a significant daytime population.
Immediately northeast of General Mitchell International Airport.
Outstanding access to the area’s transportation infrastructure.
Significant traffic counts along Whitnall, Layton and Pennsylvania
Avenues. Four traffic signals at/near the subject.
Whitnall Square’s lack of competition is demonstrated in the strong
sales performance of Pick ‘n Save and other tenants at the property.
Nearest full service grocer is located two miles away.
133,421 square feet of rentable area; 92.8% occupied.
Pick ‘n Save (dominant 42% Milwaukee area grocery market share)
has been at the center since 1989; recently extended through 2029.
Lease features a Roundy’s Inc. guarantee. Pick ‘n Save reported strong
2014 sales.
Additional tenants include Petco, Dollar Tree, Hallmark, Harbor
Freight Tools, Fantastic Sams, H&R Block, GNC, Subway and Papa
Murphy’s. History of long-term occupancy at the subject.
The property has been maintained to an institutional level, features
several points of ingress/egress and has good visibility to Whitnall,
Layton and Pennsylvania Avenues.
Whitnall Square represents a unique opportunity to acquire a high
performing grocery anchored asset. The property features low rent
levels and potential for increased yields.
Will trade at a purchase price that is significantly below replacement
cost; will be delivered unencumbered by a financing arrangement.
Given the strong anchor lease term and sales volume, a purchaser
should be able to secure a very attractive new financing arrangement.
M
AY
Real Estate
Whitnall Square
MILWAUKEE AREA Map
LOCAL AREA MAP
M
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Real Estate
Whitnall Square
Subject Aerial
M
AY
Real Estate
Whitnall Square
Leasing Plan
M
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Real Estate