Mid-America Real Estate Facilitates Sale of #1 Outback Steakhouse in Milwaukee MSA
June 27, 2023
The Mid-America Real Estate Investment Sales Group recently brokered the sale of 1.82 acres of land with an absolute net ground lease containing a 6,750 square foot Outback Steakhouse restaurant in the Milwaukee MSA. Vice President Matthew McParland and Principal Dan Rosenfeld were the exclusive brokers in the transaction on behalf of the seller, Cobalt Partners, and local buyer, E&K Land, LLC. This Outback Steakhouse was sold at a 5.35% Cap Rate on In-Place Income.
Mid-America Real Estate is #1 in retail real estate services in the Midwest, with full-service offices in Illinois, Michigan, Minnesota and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. Mid-America leases and manages more than 60 million square feet of retail space, and represents over 270 retailers and other tenants.
Mid-America’s Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Group’s strategic approach combines outstanding national exposure with the best local knowledge, resulting in the successful disposition of over $14 billion to date. For more information, visit www.midamericagrp.com.
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