N59W14283 Bobolink Ave — Sale in Menomonee Falls, WI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Menomonee Falls, WI 53051
  • Year built: 1967

Photos

N59W14283 Bobolink Ave — Sale in Menomonee Falls, WI, photo 1 of 2
N59W14283 Bobolink Ave — Sale in Menomonee Falls, WI, photo 2 of 2

Investment Figures

Cap rate
6.26%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This investment provides, a 5,008 square foot, 100 percent leased single tenant industrial asset located in Menomonee Falls, Wisconsin—one of the most desirable industrial submarkets in Waukesha County. The property is currently leased to a single tenant, Wisconsin Home Improvement Co., which recently executed a new three-year lease commencing April 2026. The lease includes strong annual rent escalations of 12.5 percent in 2027 and 11 percent in 2028, resulting in approximately 25 percent total rent growth over the lease term, providing investors with built-in income growth. The asset generates $49,587 in current gross rental income ($9.90 per square foot) and produces a Net Operating Income of $37,273 ($7.44 per square foot), offering a 6.26 percent cap rate at a $595,000 list price. The property operates with a modified gross lease structure and maintains 100 percent occupancy, delivering stable in-place cash flow. Situated on 1.09 acres with industrial outdoor storage, the property features approximately 1,000 square feet of newly renovated office space (2025) and approximately 4,000 square feet of warehouse space, complemented by four drive-in doors and efficient truck circulation. Its functional layout and accessibility make it highly appealing to a wide range of industrial users. Strategically located just four minutes from Interstate 41, the property benefits from strong regional connectivity and continued tenant demand in a submarket defined by low vacancy and limited supply, supporting long-term investment stability. This offering presents the opportunity to acquire a well-located, stabilized industrial investment with durable cash flow and embedded rent growth in a highly sought-after Southeastern Wisconsin industrial market. Investment Highlights: • 100 Percent Leased Single Tenant with Outdoor Storage, Separate Office Building, and Rear Warehouse • Uniform Layout for a Range of Tenants in Waukesha County with a 2 Percent Industrial Vacancy Rate • Easy T

Market Context

This office in Menomonee Falls, WI is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1967. Compare it against other office listings for sale in Menomonee Falls, WI — view the full market.

As of Q1 2026, the Milwaukee office market showed average asking rents near $22.85/SF/yr, and rents up 2.9% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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