Kohl’s Food Store Bluemound Rd

Commercial

Kohl’s Food Store Bluemound Rd

82nd & Bluemound Rd – Milwaukee, WI

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1997 Year Acquired

38,000 SF Commercial Space

Sold Status

Neighborhood Grocery

General Capital built this project in 1997 as a Kohl’s foodstore. When Kohl’s closed, the lease was quickly snapped up by Roundy’s for Pick N Save. It’s a strong in-fill grocery performer with impressive sales productivity.

KEY THEMES

• Grocery-anchored retail investment provided a long-term neighborhood-serving commercial destination along Milwaukee's Bluemound Road corridor
• Strategic location at 82nd Street and Bluemound Road offered strong accessibility and visibility within an established commercial district
• Long-term ownership strategy emphasized stable retail tenancy, disciplined asset management, and sustained value creation
• Essential retail use supported the surrounding community while strengthening the property's long-term investment fundamentals
• Patient investment strategy positioned the asset for a successful disposition following nearly three decades of ownership

RESULTS

• Successfully managed a 38,000 SF grocery retail property through a long-term investment and ownership strategy
• Generated a 34.53% gross internal rate of return and a 17.70x gross equity multiple for investors
• Delivered a 24.85% net internal rate of return and a 12.71x net equity multiple over the investment lifecycle
• Completed a successful disposition in 2025 following nearly three decades of strategic ownership and asset management
• Demonstrated exceptional long-term value creation through disciplined investment in neighborhood-serving retail real estate

 

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