5444 N 124th St 15,715 SF Flex Building Milwaukee, WI 53225 $3,929,000 ($250.02/SF) 6.55% Cap Rate

This well-positioned industrial asset at 5444 N 124th Street in Milwaukee presents a rare opportunity to acquire a fully leased, single-tenant facility with a long-term NNN commitment in place. Safeway Transportation Wisconsin, LLC, a regional leader serving school districts throughout Milwaukee’s suburbs and greater Chicago, occupies the property through July 2032 with two additional three-year renewal options, offering secure, reliable income backed by a mission-driven transportation operator founded in 2012. Generating a current NOI of $257,589 with built-in 3 percent annual escalations and a 6.55 percent cap rate, the property delivers stable cash flow complemented by strong functional features including six drive-in doors, a three-ton crane, warehouse and mezzanine space, dedicated garage bays, and integrated office areas. The two-acre site is fully fenced and gated, providing secure bus and truck parking that is essential to tenant operations and enabled by IL1 zoning, which supports truck and trailer storage. Strategically located just west of Highway 41 at W Silver Spring Drive and N 124th Street, the property offers excellent access to major transportation corridors and the broader Milwaukee market. With a well-maintained structure renovated in 2008 and a resilient tenant in place, this asset stands as a compelling, low-maintenance investment suited for buyers seeking dependable returns, quality industrial infrastructure, and long-term tenancy stability in a high-demand logistics and service corridor.