The Boulder Group completed the sale of a single-tenant Taco Bell at 4025 N. 124th St. in Brookfield, Wisconsin, for $1.65 million.
The 2,080-square-foot Taco Bell is positioned along North 124th Street (19,900 VPD) and is less than half of a mile from Interstate 41, which experiences more than 142,000 vehicles a day.
Nationally recognized employers in the area include Briggs & Stratton and Milwaukee Tools. There are two main shopping centers positioned nearby: Shoppers World of Brookfield and The Mayfair Collection. The area’s retail makeup is comprised of tenants such as Whole Foods, Meijer, The Home Depot, Nordstrom Rack, Ulta, J. Crew, Burlington, DSW, and many more.
There are more than 242,114 people living within five miles of the property earning an average annual household income of $86,459. The property is located 10 miles northwest of downtown Milwaukee.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller was a local real estate investor and the buyer was a real estate investor based in the southeast.
There are more than 23 years remaining on the primary lease term. The tenant, Pacific Bells, has been in business since 1986 and operates more than 242 locations across eight states.