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Bank of America Net
5240 S 76th St · Greendale, WI 53129 · Banking / Financial
Asking price
$4,040,000
Cap rate
5.00%
NOI
$202,000
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Lease
Lease typeNet
Term remaining13.2 yrs
Expiration05/2039
Rent bumps10% Every 5 Years
Options3, 5-Year
Ground leaseYes
Credit profileCorporate Guarantee
TenancySingle
Planning a 1031 Exchange
Give us your relinquished sale close date and we will calculate your 45-day
identification and 180-day closing deadlines, track the clock, and surface matching
inventory before it expires. We coordinate directly with your Qualified Intermediary
and can introduce one if you have not yet engaged an exchange accommodator.
Investment Grade does not provide tax or legal advice.
Property
Building SF4,255
Price / SF$949
Year built2026
Lot size1.08 ac
TypeBank
Days on market108
Need year-one bonus depreciation
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segregation study can accelerate into year one. Tell us your tax year and entity
and we will model the deduction.
Investment highlights
New 2026 Construction Bank of America | Original 15-Year Ground Lease with Three, Five-Year Renewal Options.
Corporately Guaranteed by Bank of America, N.A.
Shadow Anchored by Southridge Mall, #1 Most Visited Super-Regional Mall in WI (7. 6 Million Annual Visits) | Southridge is Slated for Long-Term Mixed-Use Redevelopment.
Part of a Major Retail Corridor | Across the Street from Walmart Supercenter, Which Attracts 1.7 Million Annual Visitors (Placer.ai).
Frontage Along S 76th Street, Which Sees 32,400 Vehicles Per Day | 1.1 Miles from Interstate 43/41, Which Sees 131,000 Vehicles Per Day.
8,718 People Live Within a Mile Radius and 94,149 People Live Within a Three-Mile Radius.
Average Household Income of $96,885 Within a Mile Radius.
New 2026 Construction Bank of America | ground lease | corporately guaranteed
2026 construction
Original 15-year ground lease with 3, 5-year renewal options
Scheduled 10% rental increases every 5 years
Situated on a 1.08 acre lot with 36 available parking spaces
Shadow anchored by Southridge mall, #1 most visited super-regional mall in wisconsin1
Southridge mall attracts 7.6 million annual visitors1
Notable tenants include Macy’s, ,JcPenney dick’s sporting goods, T.J.Maxx, raising cane’s (2024 construction), golf galaxy and more
Southridge mall area developments:
Southridge mall is slated for long-term mixed-use redevelopment (see page 5 for details)
The district at Southridge, a separate $100 million mixed-use project featuring 700+ apartments and retail/commercial space (see page 5 for details)
Part of a major retail corridor
Across the street from walmart supercenter, which attracts 1.7 million annual visitors1
Additional retailers in the area include starbucks (2022 construction), burlington, sally beauty supply, shoe carnival,
Chick-fil-a, tropical smoothie cafe, crumbl and more
1.6 miles from 84 south, which ranks in the top 8% of shopping centers nationwide by visits (4 million annual visits)1
Notable tenants include steinhafels, ross dress for less, fresh thyme, kohl’s, ulta, five below, portillo’s and more
Easily accessible and heavily traveled corridor
Frontage along s 76th street, which sees 32,400 vehicles per day
1.1 miles from on/off ramp of interstate 43/41, which sees 131,000 vehicles per day
5.7 miles from milwaukee mitchell international airport, #1 visited airport in wisconsin1
Extremely dense trade area with an affluent population
8,718 people live within a mile radius and 94,149 people live within a three-mile radius
77,179 employees within a three-mile radius
Average household income of $96,885 within a mile radius
Property overview
Investors are offered the opportunity to acquire a brand new 2026 construction Bank of America ground lease located in the highly desirable Milwaukee suburb of Greendale. The Greendale location is part of Bank of America’s recent expansion in the Milwaukee market with five new branches in various stages of development. Bank of America, N.A. holds a best-in-class credit rating of “A+” from Standard & Poor’s. The property is Bank of America’s newest prototype building and features 10 percent rental increases every five years. Bank of America benefits from its shadow anchor, Southridge Mall, the #1 most visited super-regional mall in Wisconsin, which attracts 7.6 million annual visitors and is planned for long-term mixed-use redevelopment. The property is strategically positioned along a high-traffic corridor with 32,400 vehicles per day and benefits from immediate access to Interstate 43/41 (131,000 vehicles per day). The 76th Street corridor is one of the Milwaukee MSA’s most dominant retail destinations, featuring retailers such as Walmart Supercenter, Chick-fil-A, Starbucks, Raising Cane’s, Sendik’s and multiple topperforming shopping centers. The immediate area is incredibly dense and affluent with over 94,000 residents and 77,000 employees within a three-mile radius. The average household income exceeds $96,000 within a one-mile radius.
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Asking-market observation aggregated from public listing sources, last
observed Sep 18, 2026.
Figures are asking price and asking cap rate as published by the listing party, not a
verified closed transaction. Lease terms shown where reported by the listing party and
not independently verified. Shown for market reference only; this is not an offering.
Investment Grade Income Property, LP represents buyers on a cooperating commission basis.