6401 N 76th St - Auto Repair FOR SALE


Milwaukee, WI 53223
$1,666,667 USD
332-345-4222
6401 N 76th St, Milwaukee, WI for Sale
$1,666,667 USD
Auto Repair - FOR SALE
1/2
null | 6% Cap Rate

6401 N 76th St
Milwaukee, WI 53223


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Corporate Guarantee from Driven Brands Funding, LLC (3,500+ Units)
  • Attractive Rental Increases | 1.50% Annually Starting Year 2

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 6401 North 76th Street in Milwaukee, Wisconsin. The site consists of roughly 1,421 rentable square feet of building space on estimated 0.52-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $100,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,666,667 USD

PRICE/SF

$378 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

LB1

APN/PARCEL ID

142-9984-115-5

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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