1700 Arthur CtWaukesha, WI 53188

Property Details for 1700 Arthur Ct

Year built

1991

Lot size

1.38 AC

Property size (Sq ft)

14,828 SF

Zone code

M-2

Property type

Retail properties

Property subtype

Auto shops

APN

WAKC1330112

APU

WAKC1330112

Description

This exceptional investment opportunity presents a 14,828 square foot auto shop located at 1700 Arthur Ct, Waukesha, WI 53188. The property sits on a 1.91-acre lot and is currently operating as a Gerber Collision center under a new 15-year absolute NNN lease with a corporate guarantee. The lease features attractive 8% rent bumps every five years, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $67,020, translating to a compelling 6.00% cap rate. This sale-leaseback offers a secure, passive income stream with minimal landlord responsibilities. The asking price is $1,117,000, making it an ideal addition to a diversified portfolio. This property is available individually or as part of a larger 10-unit portfolio. Rent commencement is scheduled for after the close of escrow. The property is classified as retail, with subtypes including auto shop and storefront. This is a 1031 exchange eligible property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,935,736

  6.5%

  $3,632,987

  7%

  $3,373,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,793,572

  Geo Method

  $4,866,994

• Alternative Use

  Use

  Valuation

  Residential

  $3,064,560

  Hospitality

  $2,807,121

  Educational

  $2,335,492

  Medical

  $2,415,813

  Retail

  $3,632,987

Location Insight

City

Waukesha

County

Waukesha

State

Wisconsin

Latitude

42.999

Longitude

-88.2563

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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