5255 Hopkins StMilwaukee, WI 53209

This exceptional investment opportunity presents a meticulously maintained 8,200 square foot warehouse situated on a 3.33-acre lot in Milwaukee, Wisconsin. The property boasts a strong 10.2-year Net Net Net (NNN) lease with Merchants Metals, a national leader in fencing products, backed by a corporate guarantee from Fencing Supply Group Holdings LLC, a portfolio company of The Sterling Group with $5.9B in assets under management. The lease commenced June 1, 2023, and includes two 5-year renewal options at fair market value, ensuring long-term stability. The tenant recently completed over $400,000 in renovations, demonstrating their commitment to the location. The property features five grade-level doors, ample outdoor storage space, and a desirable location with convenient access to major highways (I-43 & I-41), offering easy connectivity to downtown Milwaukee and a robust logistics network. The lease includes a favorable 3% annual rent increase, providing a hedge against inflation. The asking price is $1,675,000, representing a 6.70% cap rate and a price per square foot of $204.27. The property's location within a dense industrial corridor and its substantial improvements make it an ideal 1031 exchange opportunity. Built in 1959 and renovated in 2023, this asset offers a compelling combination of strong tenancy, significant upside potential, and a prime location within the Milwaukee MSA. The property's APN is 192-9991-100.