3511 S 27th - Fast Food FOR SALE


Milwaukee, WI 53221
$3,300,000 USD
414-261-4193
3511 S 27th, Milwaukee, WI for Sale
$3,300,000 USD
Fast Food - FOR SALE
1/19
null | 5.45% Cap Rate

3511 S 27th
Milwaukee, WI 53221


HIGHLIGHTS

  • The property has long term leases with possible rent increases.
  • Building sits in a dense population with high income.
  • The building is new construction with a drive through.
  • This building offers excellent traffic flow, easy access, and high visibility, making it an ideal location for businesses.

OVERVIEW

A 4,300-square-foot retail building with a drive-thru, leased to Panera, is now available on South 27th Street in Milwaukee, Wisconsin. The property has a corporate lease with Panera, with almost 12 years remaining and several renewal options. There are 10% rent increases every five years, with Seller to carry forward 2026 renewal rate upon closing. Located about 4 miles south of downtown Milwaukee in a prime retail area anchored by the renowned 931-bed Aurora St. Luke’s Medical Center, the site benefits from excellent traffic exposure and demographics. The area has 384,953 residents within a 5-mile radius with an average household income of $78,550, making this an excellent net lease investment opportunity.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$767 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

LB-1

APN/PARCEL ID

553-0772-000-X

ASK ABOUT THIS PROPERTY

Brian ParrishPARADIGM Real EstateMore Info
414-261-4193

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Brian ParrishPARADIGM Real EstateMore Info
414-261-4193

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