3131 Kinnickinnic AveMilwaukee, WI 53207

Property Details for 3131 Kinnickinnic Ave

Year built

1977

Lot size

0.36 AC

Property size (Sq ft)

1,710 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This fee-simple ownership opportunity presents a 1,710 square foot Pizza Hut in Milwaukee, Wisconsin. The property boasts a new 15-year absolute NNN lease with three 5-year options, featuring 10% rent increases every five years and at the start of each option period. Located on S Kinnickinnic Ave, near E Oklahoma Ave, this high-visibility site benefits from significant traffic (23,300 vehicles daily) and proximity to State Highway 794. The property includes 27 parking spaces and sits on a 0.36-acre lot, zoned Local Business District (LB2). Built in 1977, the property offers a 6.50% cap rate and a current NOI of $82,200, with 100% occupancy. The asking price is $1,265,000 ($739.77/sq ft). The franchisee, a 38-unit operator, demonstrates a strong commitment to the location. Limited competition within a 2.8-mile radius and a strong demographic profile (270,000+ residents and 182,000 daytime employees within a 5-mile radius, with an average household income of $78,820) further enhance the investment potential. The property's APN is 540-0893-100. This is a management-free investment opportunity with significant long-term growth potential.

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9874

Longitude

-87.8833

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