1609 E North Ave - Freestanding FOR SALE


Milwaukee, WI 53202- Lower East Side
$2,067,000 USD
818-632-0233
1609 E North Ave, Milwaukee, WI for Sale
$2,067,000 USD
Freestanding - FOR SALE
1/11
null | 7.25% Cap Rate

1609 E North Ave
Milwaukee, WI 53202
Lower East Side


HIGHLIGHTS

  • 100% Occupied 7-Eleven Anchored Center - Long Term Tenant |5 Year Options | Scheduled Rent Increases
  • Primary Retail Thoroughfare | Directly Across From McDonald’s Extensive Frontage and Visibility | Near Many Amenities
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Top-rated anchor tenant | 7-Eleven has an A Investment-Grade credit rating (Standard and Poor’s; Stable outlook) which is stronger than a majority of national retail tenants. • 100% fully occupied, 3-tenant strip center | 7-Eleven accounts for nearly 80% of the total annual rent • All tenants operating under NNN leases • Average of about 5 years remaining on the various leases • 7-Eleven has been a tenant at the center for 12 years • All tenants have multiple 5-Year options • Superb hedges against inflation | All tenants have annual rent increases ranging from 1.5%-5%

FOR SALE DETAILS

PRICE

$2,067,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Strip Center | 1.5%-5% Annual Bumps

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,216 SF

ZONING

LB3

APN/PARCEL ID

355-0448-100

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.