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Pizza Hut | New 15yr Abs NNN w/ Incrs 3131 S Kinnickinnic Ave 1,710 SF Retail Building Milwaukee, WI 53207 $1,265,000 ($739.77/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently Signed 15-Year Lease | Options To Extend |Scheduled Increases
- E Oklahoma Ave & S Kinnickinnic Ave (23,300 Combined VPD) | Excellent Visibility & Access | Limited Competition
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Direct Consumer Base | Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, freestanding, Pizza Hut investment property located in Milwaukee, Wisconsin. The tenant, EYM Pizza of Wisconsin, LLC (38-unit operator), recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,710 SF
Building Class
B
Year Built
1977
Price
$1,265,000
Price Per SF
$739.77
Cap Rate
6.50%
NOI
$82,200
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.11
Lot Size
0.36 AC
Zoning
LB-2 - Local Business District
Parking
27 Spaces (15.79 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 540-0893-100-6 | Improvements Assessment | $156,900 |
| Land Assessment | $122,000 | Total Assessment | $278,900 |
PROPERTY TAXES
Parcel Number
540-0893-100-6
Land Assessment
$122,000
Improvements Assessment
$156,900
Total Assessment
$278,900
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Pizza Hut | New 15yr Abs NNN w/ Incrs | 3131 S Kinnickinnic Ave
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