Single-Tenant NNN Industrial
New
For Sale
$1,500,000
7373 S 6th St, Oak Creek, WI 53154
Industrial facility with dock and drive-in loading, office space, floor drains, and a wet sprinkler system.
Property Size16,071 SF
Price / SF$93.34
Days on Market2
Property Features for 7373 S 6th St
General Information
Standard status
Active
Size
16,071 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Building Details
Building Size
16,071 SF
Tenancy
Single
Listing Agency:
Milwaukee
Listed By:
John Kardelis · License #9447887
(414) 278-6845
Source:
Colliers
Added: Sep 19
Last Checked: Sep 19 at 2:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Milwaukee
Investment Insights
Based on property information with market context.
This single-tenant NNN industrial property in Oak Creek includes approximately 16,071 SF of functional facility space. The improvements combine office and warehouse areas with dock loading, drive-in access, floor drains, and a wet sprinkler system. A standing seam metal roof was recently replaced.
The lease extends through October 2029 and provides annual rent escalations. The tenant is responsible for property taxes, utilities, insurance reimbursements, and most maintenance obligations. The property is positioned near I-94 and Mitchell International Airport, with access to the broader Milwaukee industrial market.
The asset also offers lease-renewal, rent-marketing, and future owner-user disposition considerations identified in the property information. Its net lease structure may also suit a 1031 exchange or private investment strategy.
The lease extends through October 2029 and provides annual rent escalations. The tenant is responsible for property taxes, utilities, insurance reimbursements, and most maintenance obligations. The property is positioned near I-94 and Mitchell International Airport, with access to the broader Milwaukee industrial market.
The asset also offers lease-renewal, rent-marketing, and future owner-user disposition considerations identified in the property information. Its net lease structure may also suit a 1031 exchange or private investment strategy.
Key Highlights
- Single‑tenant NNN industrial property with lease term through October 2029
- Approximately ±16,071 SF of industrial facility space
- Dock and drive‑in loading areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,986
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,720
$1.4M
Cap Rate 7%
$1,014,086
$1.0M
Cap Rate 9%
$788,733
$788.7K
Market Conditions
NOI Build-Up for 16,071 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.9K $5.47/SF
− Vacancy
−$4.4K −$0.27/SF
EGI
$83.5K $5.20/SF
− OpEx
−$12.5K −$0.78/SF
NOI
$71.0K $4.42/SF
Area
Milwaukee County, WI
Vacancy
5.00%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,720
Cap Rate 7%
$1,014,086
Cap Rate 9%
$788,733
Alternative Uses
Best Use
Warehouse
$1.01M
$887.3K – $1.18M
NOI $70,986 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.45M
NOI $266,771 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 53154, WI
36,497
Population
15,602
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
28.5 sq mi
ZIP Area
1,281
Density / Sq Mi
$93,120
Median Household Income
$57,223
Median Earnings
$1,397
Median Rent
$305,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Industrial facility with dock and drive-in loading, office space, floor drains, and a wet sprinkler system.
Where is this nnn property located?
The property is located at 7373 S 6th St Oak Creek, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Single‑tenant NNN industrial property with lease term through October 2029; Approximately ±16,071 SF of industrial facility space; Dock and drive‑in loading areas
