3131 Kinnickinnic Ave Milwaukee, WI 53207
Milwaukee Pizza Hut: NNN Lease, High ROI
Property size:
1,710 SFProperty 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
Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Matthew Mousavi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Pizza Hut
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.8832998
- Latitude
- 42.9873618
Nearby Similar for Sale
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.
