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    3131 Kinnickinnic Ave Milwaukee, WI 53207

    Sponsored
    For Sale
    $1,265,000

    Milwaukee Pizza Hut: NNN Lease, High ROI

    Property size:
    1,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple ownership opportunity presents a 1,710 square foot Pizza Hut in Milwaukee, Wisconsin. The property boasts a new 15-year absolute NNN lease with three 5-year options, featuring 10% rent increases every five years and at the start of each option period. Located on S Kinnickinnic Ave, near E Oklahoma Ave, this high-visibility site benefits from significant traffic (23,300 vehicles daily) and proximity to State Highway 794. The property includes 27 parking spaces and sits on a 0.36-acre lot, zoned Local Business District (LB2). Built in 1977, the property offers a 6.50% cap rate and a current NOI of $82,200, with 100% occupancy. The asking price is $1,265,000 ($739.77/sq ft). The franchisee, a 38-unit operator, demonstrates a strong commitment to the location. Limited competition within a 2.8-mile radius and a strong demographic profile (270,000+ residents and 182,000 daytime employees within a 5-mile radius, with an average household income of $78,820) further enhance the investment potential. The property's APN is 540-0893-100. This is a management-free investment opportunity with significant long-term growth potential.

    Property Features for 3131 Kinnickinnic Ave

    General Information

    Property type
    Restaurants
    Square Feet
    1,710 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1977

    HighLights

    • 15‑Year Lease with Extension Options.
    • Absolute NNN, Fee Simple Ownership, No Landlord Responsibilities.
    • High‑Traffic Intersection (23,300 VPD), Excellent Visibility, Low Competition.
    • Strong Demographics and Direct Consumer Base within a 5‑Mile Radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pizza Hut Pizza Delivery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8832998
    Latitude
    42.9873618

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    FAQs

    What type of property is this?
    Restaurant - Milwaukee Pizza Hut: NNN Lease, High ROI
    Where is this restaurant located?
    The property is located at 3131 Kinnickinnic Ave Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $1,265,000.
    What are key features of this property?
    This property features: 15-Year Lease with Extension Options.; Absolute NNN, Fee Simple Ownership, No Landlord Responsibilities.; High-Traffic Intersection (23,300 VPD), Excellent Visibility, Low Competition.
    Request Owner's contact information
    3131 Kinnickinnic Ave Milwaukee, WI 53207
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    Milwaukee, WI 53207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3131 Kinnickinnic Ave Milwaukee, WI 53207
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