This Retail Property is Off-Market.

1232 W. Layton Avenue
Milwaukee, WI 53221 ·

2,057 SF · Retail For Sale

N/A

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Mobile one

Price N/A Commission Split 2%
Building Size 2,057 SF Cap Rate 6%
Property Type Retail Tenancy Single
Property Sub-type Vehicle Related Lot Size 0.36 AC
Property Use Type Net Lease Investment with 2 years left on lease
Listing ID: 15672063 Date Created: 04/19/2008 Last Updated: 11/16/2014

Description

The IRS allows oil and gas business to be depreciated over 15 years. This alone is a major difference versus other NNN.

Currently set up as an oil change facility. But, can be easily converted to fast food or other high traffic business. Is set up for drive-in drive-out business. Corner controlled by street lights (offering consumers an opportunity to see the business). Street sign very pronounced by the buss stop.

2011 car count was when Layton Ave did not have access to HWY 94 and with that, the car count for that corner was in excess of 41,000/day. Since then HWY 94 has restored on-off ramp access to Layton Avenue creating additional access to the airport and local Layton businesses. You can only assume the overall traffic volume has greatly increased from what was already fairly high. Major national food and auto chains are on this stretch of Layton Avenue

Research

1232 W. Layton Avenue, Milwaukee, WI 53221 (Milwaukee County)

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