For Sale
$2,656,494

6330 76Th St Milwaukee, WI 53218

Milwaukee Retail Property - Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple retail property offers a compelling investment opportunity. A 16,709 square foot building, currently a dark CVS Pharmacy, is situated on a 2.47-acre lot at the signalized intersection of N 76th St and W Mill Rd in Milwaukee, WI 53218. The property benefits from an absolute NNN lease with a credit-rated corporate guarantor (CVS Pharmacy), providing zero landlord responsibilities. The lease, originally signed in 2006 for 25 years, has approximately 7.2 years remaining, with ten 5-year renewal options. The asking price is $2,656,494, representing a 7.25% cap rate and a NOI of $192,596. The property enjoys high visibility along major traffic arteries, with combined daily traffic counts exceeding 47,300 vehicles. Its location is strategically advantageous, directly across from the 117,000 square foot Mill Road Shopping Center, and within a densely populated area boasting over 117,000 residents within a three-mile radius and over 267,000 within five miles. Nearby national retailers include Walgreens, Save A Lot, Family Dollar, and O'Reilly Auto Parts. This presents a stable, low-maintenance investment with significant long-term potential. The property's strong location and creditworthy tenant make it an attractive addition to any portfolio.

Highlights

  • Corporate-backed, 25-year NNN lease with CVS; over 8 years remaining.
  • Absolute NNN lease; no landlord responsibilities.
  • Less than 8 miles to Downtown Milwaukee; strong demographics (117,000 residents within 3 miles, 267,000 within 5 miles).
  • High visibility; located across from a 117,000 SF shopping center anchored by Family Dollar and Walgreens.
  • Excellent traffic counts exceeding 47,300 vehicles daily.

Property Details for 6330 76Th St

Property type
Retail properties, Drug stores
Square Feet
16,709 SF
Lot Size (sq. ft)
107,593 SF

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.133570770753
Longitude
-88.004917158365

FAQs

What type of property is this?
Retail property - Milwaukee Retail Property - Strong Tenant
Where is the retail property located?
The property is located at 6330 76Th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,656,494.
What are key features of this property?
This property features: Corporate-backed, 25-year NNN lease with CVS; over 8 years remaining.; Absolute NNN lease; no landlord responsibilities.; Less than 8 miles to Downtown Milwaukee; strong demographics (117,000 residents within 3 miles, 267,000 within 5 miles).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6330 76Th St
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