For Sale
$2,982,066

5929 Lisbon Ave Milwaukee, WI 53210

High-Yield CVS/Dollar General Sublease

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 15,160 square foot retail property currently subleased to Dollar General, a credit-rated tenant with a corporate guarantee. Located at 5929 W Lisbon Ave, Milwaukee, WI 53210, this absolute NNN net lease boasts a strong remaining lease term of 7.2 years (expiring 01/31/2032), generating a substantial NOI of $216,200 and a 7.25% cap rate. The property, built in 1996 and situated on a 1.12-acre lot, benefits from high visibility and accessibility along major traffic arteries, with combined daily traffic counts exceeding 32,900 vehicles. The strategic location, less than four miles from downtown Milwaukee, is surrounded by a densely populated area, boasting over 194,000 residents within a three-mile radius and over 482,000 within five miles. Proximity to the Milwaukee Regional Medical Center further enhances the property's value. The asking price is $2,982,066, translating to $196.71 per square foot. National retailers such as PNC Bank, Burger King, and Family Dollar are located nearby, solidifying the area's strong retail presence. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential.

Highlights

  • Dollar General NNN Lease, Corporate Guarantee. 7.2 years remaining (expires 01/31/2032).
  • Absolute NNN Lease; Zero landlord responsibilities.
  • Excellent Location: <4 miles from Downtown Milwaukee; >194,000 residents within 3 miles, >482,000 within 5 miles.
  • High Visibility: Main retail corridor with >32,900 daily vehicle traffic counts. Nearby national retailers include PNC Bank, Burger King, and Family Dollar.
  • Strong Investment: 15,160 SF, $2,982,066 asking price ($196.71/SF), $216,200 NOI, 7.25% cap rate.

Property Details for 5929 Lisbon Ave

Property type
Retail properties, Drug stores
Square Feet
15,160 SF
Year Built
1996
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.067743796387
Longitude
-87.986790793788

FAQs

What type of property is this?
Retail property - High-Yield CVS/Dollar General Sublease
Where is the retail property located?
The property is located at 5929 Lisbon Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,982,066.
What are key features of this property?
This property features: Dollar General NNN Lease, Corporate Guarantee. 7.2 years remaining (expires 01/31/2032).; Absolute NNN Lease; Zero landlord responsibilities.; Excellent Location: <4 miles from Downtown Milwaukee; >194,000 residents within 3 miles, >482,000 within 5 miles.
How can I contact the broker?
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5929 Lisbon Ave
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