For Sale
$23,053,896
5740 Packard Ave Cudahy, WI 53110
High-Yield Retail Investment, 10.24% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 10.24% Net Effective Cap Rate after rent credit.
- Full rent credit provided to buyer, yielding a 10.24% initial return.
- Credit tenant portfolio, 82% of income guaranteed by CVS (Fortune 6, $73B company).
- Low average price per property: $3,293,413 ($187.31/SF), likely below replacement cost.
- Average rent: $15.22/SF.
- Strong demographics: Average household income within 5 miles is $83,152; 74,743 people within a 5-mile radius.
Property Details for 5740 Packard Ave
- Property type
- Retail properties, Drug stores
- Units
- 7
Location Insight
- City
- Cudahy
- County
- Milwaukee
- State
- Wisconsin
- Latitude
- 42.9401062
- Longitude
- -87.8592776
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Retail Investment, 10.24% Cap Rate
- Where is the retail property located?
- The property is located at 5740 Packard Ave Cudahy, WI.
- What is the asking price?
- The asking price for this property is $23,053,896.
- What are key features of this property?
- This property features: 10.24% Net Effective Cap Rate after rent credit.; Full rent credit provided to buyer, yielding a 10.24% initial return.; Credit tenant portfolio, 82% of income guaranteed by CVS (Fortune 6, $73B company).
- 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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