For Sale
$1,067,077

4934 Fond Du Lac AveMilwaukee, WI 53216

High-traffic, NNN-leased auto parts store

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Milwaukee, WI. The 7,000 square foot building, constructed in 2004, is currently 100% occupied by Advance Auto Parts under a corporate-guaranteed, absolute NNN lease with 6.8 years remaining. The lease includes two, five-year renewal options and a 10% rent increase every five years, providing strong long-term income potential. The property boasts a 7.15% cap rate and a substantial net operating income (NOI) of $76,296. Advance Auto Parts has operated successfully at this location for 20 years, recently extending their lease, demonstrating their commitment to the site. The property benefits from a high-traffic location, with daily traffic counts exceeding 90,700 vehicles at the intersection of HWY 190 and W Fond du Lac Ave. The surrounding area features a dense population, with approximately 198,186 residents within a three-mile radius and 432,270 within five miles. The property's proximity to other national retailers, including Walgreens, Foot Locker, Game Stop, and McDonald's, further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and favorable lease terms. The property is located at 4934 W Fond du Lac Ave, Milwaukee, WI 53216, approximately 4.7 miles from Downtown Milwaukee.

Highlights

  • 2004 built-to-suit Advance Auto Parts building.
  • NNN lease with corporate guarantee from Advance Auto Parts.
  • 5-year lease extension recently executed, leaving ±6.85 years remaining.
  • Strong location with 20-year operational history for the tenant.
  • Excellent retail location near Walgreens, Foot Locker, GameStop, McDonald's, and other national retailers.
  • High population density: ±198,186 within 3 miles and ±432,270 within 5 miles.

Property Details for 4934 Fond Du Lac Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,000 SF
Year Built
2004
Buildings
1
Stories
1

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0892374
Longitude
-87.9749141
4934 Fond Du Lac Ave, Milwaukee, Wisconsin

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4934 Fond Du Lac Ave
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