N48W14850 Lisbon Rd Menomonee Falls, WI 53051
- Retail properties
- 17,900 SF
- 2.71 lot acres
Current Use by Public Records
- Retail properties
Property Details for N48W14850 Lisbon Rd
- Year built
- 2011
- Lot size
- 2.71 lot acres
- Property size
- 17,900 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
Exceptional investment opportunity: a 17,900 square foot, fee-simple veterinary hospital in Menomonee Falls, Wisconsin. This single-tenant property, built in 2011 and situated on 2.71 acres, is 100% occupied by Mission Veterinary Partners (MVP), a leading national veterinary network with over 300 locations. The property boasts a strong 6.68% cap rate and a substantial net operating income (NOI) of $460,003. A new 10-year net lease (NN) is in place, expiring April 30, 2034, with 9.4 years remaining and 2% annual rent bumps. Three five-year lease options provide long-term stability. The tenant, Brook-Falls Veterinary Hospital & Exotic Care, offers comprehensive services, including exotic animal care, in a prime location with excellent visibility on Lisbon Road, near major highways and the Milwaukee MSA. The affluent area features a median household income exceeding the national average, supporting consistent demand. This recession-resistant investment benefits from a credit-rated tenant and a robust industry projected for continued growth. The property's location within the Milwaukee MSA, coupled with the tenant's strong financial backing and market position, presents a compelling opportunity for long-term, stable returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Menomonee Falls
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.0968
- Latitude
- 43.1053
