5077 27Th StGreenfield, WI 53221

Property Details for 5077 27Th St

Lot size

1.91 AC

Property type

Commercial real estate

APN

622-9944-002

APU

6229944002

Description

This exceptional investment opportunity presents the chance to acquire a fee-simple interest in a 7,050 square foot retail property located at 5077 S 27th St, Greenfield, Wisconsin. The property, built in 2004 and situated on a 1.91-acre lot, is fully occupied by a Famous Dave's BBQ restaurant under a triple-net (NNN) lease extending through May 2029. The tenant, a subsidiary of MTY Food Group, recently exercised a five-year lease extension, demonstrating strong commitment to this location. The property boasts a 7.88% cap rate and a substantial net operating income (NOI) of $157,560, representing a robust year-to-date rent-to-sales ratio of less than 7% and annual sales exceeding $500 per square foot. Located in a high-traffic area with over 30,800 cars passing daily, the property benefits from excellent visibility and proximity to numerous national retailers including Dollar Tree, Walgreens, AtHome, Arby's, Subway, and Mister Car Wash. The property is zoned C2, Community Commercial, and enjoys a prime location less than 15 minutes from Downtown Milwaukee, serving a population exceeding 108,000 within a three-mile radius, with average household incomes surpassing $88,000. The NNN lease includes a 1% annual rent increase throughout the renewal option period, providing a stable and appreciating investment. This offering presents a passive investment opportunity with consistent cash flow and a committed tenant. The asking price is $2,000,000.

• Alternative Use

  Use

  Valuation

  Residential

  $17,195,268

  Hospitality

  $15,750,773

  Educational

  $13,104,458

  Medical

  $13,555,141

  Retail

  $20,384,712

Location Insight

City

Greenfield

County

Milwaukee

State

Wisconsin

Latitude

42.9526

Longitude

-87.9498

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].