Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in Fox Point Medical Center, an exceptional medical office property located at 7950 N. Port Washington Road in Fox Point, Wisconsin. This state-of-the-art facility spans an impressive 15,601-square-feet and anchored by Children’s Wisconsin with over four years remaining on their ten-year lease term. Children’s Wisconsin operates this location under Bayshore Pediatrics and is a very busy clinic, staffed by 12 MD’s and Nurse Practitioners. Since the start of their lease, the tenant has expanded twice, showcasing their commitment to the property. Additionally, the property's rent roll includes Blue River PetCare, an established veterinary clinic with over 36 locations. They recently signed a seven-year three month lease agreement and are spending over $700,000 in tenant improvements. With a fully leased property and an attractive weighted average lease term of 5.17 years, the Fox Point Medical Center solidifies its position as a stable and enticing investment in the medical office sector. One notable feature of the Fox Point Medical Center is its triple net (NNN) leases. This lease structure minimizes the responsibilities of the property owner, making it an appealing investment opportunity for those seeking a hassle-free and low-maintenance venture. Under NNN leases, tenants assume the financial burdens of taxes, insurance, and maintenance expenses, relieving the landlord of these obligations and ensuring a stable and predictable income stream. In the summer of 2023, Ownership is resurfacing the drive aisle, and restriping and sealing the entire parking lot. Situated in the prestigious north suburban suburb of Milwaukee, Wisconsin, Fox Point enjoys a scenic location on the shores of Lake Michigan. The property benefits from its upscale vacation-like setting, offering convenient access to I-43 and a short commute to downtown Milwaukee, making it an ideal location for a medical office property with abundant parking.