5929 Lisbon AveMilwaukee, WI 53210

Property Details for 5929 Lisbon Ave

Year built

1996

Lot size

1.12 AC

Property size (Sq ft)

15,160 SF

Zone code

LB2

Property type

Drug stores

APN

329-0312-100

APU

3290312100

Description

This exceptional investment opportunity presents a 15,160 square foot retail property currently subleased to Dollar General, a credit-rated tenant with a corporate guarantee. Located at 5929 W Lisbon Ave, Milwaukee, WI 53210, this absolute NNN net lease boasts a strong remaining lease term of 7.2 years (expiring 01/31/2032), generating a substantial NOI of $216,200 and a 7.25% cap rate. The property, built in 1996 and situated on a 1.12-acre lot, benefits from high visibility and accessibility along major traffic arteries, with combined daily traffic counts exceeding 32,900 vehicles. The strategic location, less than four miles from downtown Milwaukee, is surrounded by a densely populated area, boasting over 194,000 residents within a three-mile radius and over 482,000 within five miles. Proximity to the Milwaukee Regional Medical Center further enhances the property's value. The asking price is $2,982,066, translating to $196.71 per square foot. National retailers such as PNC Bank, Burger King, and Family Dollar are located nearby, solidifying the area's strong retail presence. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,023,858

  6.5%

  $3,714,330

  7%

  $3,449,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,878,510

  Geo Method

  $4,975,967

• Alternative Use

  Use

  Valuation

  Residential

  $3,133,176

  Hospitality

  $2,869,972

  Educational

  $2,387,784

  Medical

  $2,469,903

  Retail

  $3,714,330

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0675

Longitude

-87.987

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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