3131 S Kinnickinnic Ave - Restaurant FOR SALE


Milwaukee, WI 53207- Fernwood
$1,265,000 USD
480-221-4221
3131 S Kinnickinnic Ave, Milwaukee, WI for Sale
$1,265,000 USD
Restaurant - FOR SALE
1/8
null | 6.5% Cap Rate

3131 S Kinnickinnic Ave
Milwaukee, WI 53207
Fernwood


HIGHLIGHTS

  • Recently Signed 15-Year Lease | Options To Extend |Scheduled Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • E Oklahoma Ave & S Kinnickinnic Ave (23,300 Combined VPD) | Excellent Visibility & Access | Limited Competition
  • Direct Consumer Base | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, freestanding, Pizza Hut investment property located in Milwaukee, Wisconsin. The tenant, EYM Pizza of Wisconsin, LLC (38-unit operator), recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,265,000 USD

PRICE/SF

$740 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut | New 15yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

LB-2

APN/PARCEL ID

540-0893-100

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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