Investment Offering
Glendale, WI - Target
5701 N. Lydell Avenue | Glendale, WI 53217
$16,115,000
Price5%
Cap Rate$805,770
NOI1957
Year Built100%
Occupancy128,512
± SF Offering GLA3.57
± AC Land AreaDescription
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, investment grade (S&P: A), Target investment property located in Glendale, WI (Milwaukee MSA). The tenant has over 10 years of firm term remaining with an additional 10 (5-year) option periods to extend. The lease features scheduled 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A | NYSE: TGT), and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The subject property affords an investor the rare opportunity to acquire a generational legacy asset leased to one of the premier retailers in the world, with unmatched underlying intangibles, while further mitigating risk with far-below market rent and an acquisition price substantially below replacement cost.
Location
Target is ideally situated near the signalized, hard corner intersection of Silver Springs Drive and Port Washington Road, averaging a combined 54,900 vehicles passing by daily. The asset also fronts Interstate 43 (92,700 VPD), a major commuter route providing direct access into Downtown Milwaukee. Target serves as an anchor to Bayshore, a 1.27M+ SF Mixed Use Center. Bayshore’s additional tenants include Kohl’s (shadow), Barnes & Noble, Trader Joe’s, Old Navy, Apple, Total Wine & More, and The Cheesecake Factory, among many others. Bayshore is among the most visited centers in the country with over 6.4M annual visits, ranking in the 97th percentile nationwide (February 2025 – January 2026, per Placer.ai). The strong trade area is home to a wide variety of nearby national/credit tenants including The Home Depot, Starbucks, Sendik’s Food Market, Panera Bread, and others.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215