Drive-Through Restaurant
For Sale
Contact for pricing
7955 State Rd 60, Cedarburg, WI 53012
For sale restaurant site with two existing drive-thru lanes and monument signage available along State Rd 60.
Property Size3,100 SF
Price / SF$322.58
Days on Market511
Property Features for 7955 State Rd 60
General Information
Standard status
Active
Size
3,100 SF
Property subtype
RETAIL
Additional Details
Traffic Count
15,700 vehicles/day
Amenities
drive-thru lanes
monument signage
Listing Agency:
Cushman & Wakefield | Boerke
Listed By:
Kevin T. Riordan
(414) 347-1000
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Aug 12
Last Checked: Sep 13 at 9:09AM
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 Cushman & Wakefield | Boerke
Investment Insights
Based on property information with market context.
This drive-through restaurant property is offered for sale and includes two existing drive-thru lanes. The site also has monument signage available, supporting visibility for drive-by traffic and on-site branding. Size is listed at 3,100 square feet.
The property is located in Ozaukee County within the Town of Cedarburg. Public remarks indicate traffic counts of 15,700 VPD along State Rd 60.
The surrounding area is described as having national retailers and a growing population, which may be relevant to tenant mix and customer draw for a restaurant user.
The property is located in Ozaukee County within the Town of Cedarburg. Public remarks indicate traffic counts of 15,700 VPD along State Rd 60.
The surrounding area is described as having national retailers and a growing population, which may be relevant to tenant mix and customer draw for a restaurant user.
Key Highlights
- Restaurant site along State Rd 60 with traffic count of 15,700 VPD (Traffic county 15,700 VPD)
- Two existing drive‑thru lanes
- Monument signage available
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
$47,307
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%
$946,140
$946.1K
Cap Rate 7%
$675,814
$675.8K
Cap Rate 9%
$525,633
$525.6K
Market Conditions
NOI Build-Up for 3,100 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
$67.0K $21.60/SF
− Vacancy
−$3.9K −$1.25/SF
EGI
$63.1K $20.35/SF
− OpEx
−$15.8K −$5.09/SF
NOI
$47.3K $15.26/SF
Area
Ozaukee County, WI
Vacancy
5.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$946,140
Cap Rate 7%
$675,814
Cap Rate 9%
$525,633
Alternative Uses
Best Use
Specialty Retail
$675.8K
$591.3K – $788.5K
NOI $47,307 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.4K
$639.1K – $852.1K
NOI $51,128 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Kwik Trip
Shops & Services
34,814 visits/mo
0.3 miles
5 Corners (Chrysler - Dodge - Jeep - Ram)
Shops & Services
2,035 visits/mo
0.4 miles
SUBWAY
Dining
1,851 visits/mo
0.3 miles
Demographics for 53012, WI
19,027
Population
8,073
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
33.9 sq mi
ZIP Area
561
Density / Sq Mi
$98,094
Median Household Income
$53,434
Median Earnings
$1,059
Median Rent
$390,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - For sale restaurant site with two existing drive-thru lanes and monument signage available along State Rd 60.
Where is this drive through restaurant located?
The property is located at 7955 State Rd 60 Cedarburg, WI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Restaurant site along State Rd 60 with traffic count of 15,700 VPD (Traffic county 15,700 VPD); Two existing drive‑thru lanes; Monument signage available
