For Sale
$1,117,000

1700 Arthur CtWaukesha, WI 53188

High-yield NNN lease, corporate guaranteed.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 14,828 square foot auto shop located at 1700 Arthur Ct, Waukesha, WI 53188. The property sits on a 1.91-acre lot and is currently operating as a Gerber Collision center under a new 15-year absolute NNN lease with a corporate guarantee. The lease features attractive 8% rent bumps every five years, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $67,020, translating to a compelling 6.00% cap rate. This sale-leaseback offers a secure, passive income stream with minimal landlord responsibilities. The asking price is $1,117,000, making it an ideal addition to a diversified portfolio. This property is available individually or as part of a larger 10-unit portfolio. Rent commencement is scheduled for after the close of escrow. The property is classified as retail, with subtypes including auto shop and storefront. This is a 1031 exchange eligible property.

Highlights

  • 14,828 SF auto shop on a 1.91-acre lot in Waukesha, WI.
  • New 15-year absolute NNN lease with corporate guarantee to Gerber Collision.
  • 8% rent bumps every five years.
  • $67,020 NOI, 6.00% cap rate.
  • $1,117,000 asking price.
  • 1031 exchange eligible.

Property Details for 1700 Arthur Ct

Property type
Retail properties, Retail space
Square Feet
14,828 SF
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Waukesha
County
Waukesha
State
Wisconsin
Latitude
42.9989507
Longitude
-88.2562649
1700 Arthur Ct, Waukesha, Wisconsin

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1700 Arthur Ct
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