Milwaukee WI - Former IHOP

The subject property is strategically positioned along W Brown Deer Road, a major retail and commuter thoroughfare averaging 35,700 vehicles passing by daily. The site is within close proximity to the diamond interchange of State Highway 181 (21,800 VPD) and State Highway 100 (35,700 VPD), the two primary highways traveling through the 3-mile trade area. The asset benefits from excellent visibility via significant street frontage and a large pylon sign along W Brown Deer Road. Additionally, the subject property is situated within a strong retail corridor, featuring a variety of national/credit tenants including Walmart Supercenter, Sam’s Club, Burlington, Michaels, T.J. Maxx, Office Depot, Walgreens, Dollar Tree, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the property is surrounded by several apartment complexes including Harbor Pointe (412 units), Aspen Crossing (356 units), and Park Plaza (168 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 152,000 residents and 87,000 daytime employees with an average household income of $78,000.