4934 Fond Du Lac AveMilwaukee, WI 53216

Property Details for 4934 Fond Du Lac Ave

Year built

2004

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0892

Longitude

-87.9749

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