West Allis Retail Investment
For Sale
Contact for pricing
7530 West Lincoln Avenue, West Allis, WI 53219
Single-tenant net leased investment occupied by Pawn America.
Property Size8,105 SF
Price / SF$234.42
Days on Market109
Property Features for 7530 West Lincoln Avenue
General Information
Standard status
Active
Size
8,105 SF
Total Parking Spaces
22
Property subtype
Retail
Zoning
C-2, Neighborhood Commercial District
Occupancy
100%
Lease Type
NNN
Net Operating Income
$151,000
Building Details
Year Built
1958
Year Renovated
2012
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Suntide Commercial Realty
Listed By:
Matthew Klein, CCIM · License #20186454
Source:
Crexi
Added: May 14
Changed: Aug 24
Last Checked: Aug 29 at 8:19AM
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 Suntide Commercial Realty
Investment Insights
Based on property information with market context.
This property offers the opportunity to acquire a single-tenant net leased investment occupied by Pawn America. The property is located at the signalized northeast corner of Lincoln Avenue West and 76th Street South in West Allis, Wisconsin. The location provides visibility, access, and traffic exposure. Pawn America executed a 15-year lease commencing in September 2016 with an expiration date of September 15, 2031. The lease structure provides income backed by a pawn and retail operator. The tenant maintains one five-year renewal option. The property benefits from its location within a commercial corridor serving the Milwaukee metropolitan area. The signalized intersection location enhances customer accessibility, while surrounding retail, residential neighborhoods, and commuter traffic contribute to the site’s viability. The property size is 8105 square feet.
Key Highlights
- Single‑tenant net leased investment with Pawn America, a well‑established regional operator.
- Lease extends to September 15, 2031, providing stable and predictable income.
- Strategically positioned at a signalized corner with strong visibility, convenient access, and high traffic exposure.
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
$84,098
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
4.43%
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%
$1,681,960
$1.7M
Cap Rate 7%
$1,201,400
$1.2M
Cap Rate 9%
$934,422
$934.4K
Market Conditions
NOI Build-Up for 8,105 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
$131.3K $16.20/SF
− Vacancy
−$11.2K −$1.38/SF
EGI
$120.1K $14.82/SF
− OpEx
−$36.0K −$4.45/SF
NOI
$84.1K $10.38/SF
Area
ZIP 53219
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,681,960
Cap Rate 7%
$1,201,400
Cap Rate 9%
$934,422
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,098 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,339 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 53219, WI
34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant net leased investment occupied by Pawn America.
Where is this retail space located?
The property is located at 7530 West Lincoln Avenue West Allis, WI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Single‑tenant net leased investment with Pawn America, a well‑established regional operator.; Lease extends to September 15, 2031, providing stable and predictable income.; Strategically positioned at a signalized corner with strong visibility, convenient access, and high traffic exposure.
