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1900 Silvernail Rd
Pewaukee, WI 53072
Retail Property For Sale
Investment Highlights
- LOW RENT BASIS OPPORTUNITY | 1.1 ACRE PARCEL
- SHADOW GROCERY ANCHOR | METRO MARKET (KROGER)
- NATIONAL FAST-FOOD OPERATOR | CORPORATE GUARANTEED LEASE
- 15 YEAR OPERATING HISTORY | RECENT 10 YEAR RENEWAL
- MULTIPLE POINTS OF ACCESS FROM MAIN THOROUGHFARE
- EXCELLENT DEMOGRAPHICS | DENSITY WITH HIGH INCOMES
Executive Summary
Mid-America Real Estate, in cooperation with Mid-America Real Estate - Wisconsin LLC, has been retained on behalf of the owner to sell the 100% simple interest in the 4,141 square foot, freestanding Arby’s located at the Southeast corner of Silvernail Plaza off N Grandview Boulevard, Waukesha, WI. The subject offering features a 9.3- year net lease located as an outlot to a lineup of highly desirable tenants.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,141 SF
Building Class
B
Year Built
1985
Price
$1,510,000
Price Per SF
$364.65
Cap Rate
5.76%
NOI
$86,961
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.09
Lot Size
1.11 AC
Zoning
B-5 & PUD - Light Industrial District & Planned Unit Development
Parking
50 Spaces (12.07 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | WAKC-0974-006 | Improvements Assessment | $1,153,700 |
| Land Assessment | $592,300 | Total Assessment | $1,746,000 |
Property Taxes
Parcel Number
WAKC-0974-006
Land Assessment
$592,300
Improvements Assessment
$1,153,700
Total Assessment
$1,746,000
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