5888 Port Washington Rd Glendale, WI 53217
- Retail properties
- 6,760 SF
- 0.20 lot acres
Current Use by Public Records
- U.S. Bank Branch / Bank
- US Bank by Bayshore Towne Center / Atm
- U.S. Bank ATM / Atm
Property Details for 5888 Port Washington Rd
- Year built
- 1991
- Lot size
- 0.20 lot acres
- Property size
- 6,760 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
This exceptional investment opportunity presents a fee-simple interest in a 6,760 square foot U.S. Bank branch located at 5888 N Port Washington Rd, Glendale, WI 53217. The property boasts a corporate-guaranteed, triple-net (NNN) lease with a remaining term of 8.5 years, featuring scheduled 10% rent increases every five years. This provides significant long-term income growth and inflation protection. The bank, a leading financial institution, occupies the entire building, ensuring 100% occupancy. The property sits on a 0.2-acre lot and includes 84 parking spaces. Built in 1991, the building is situated within the Bayshore mixed-use center, a high-traffic location with over 5.5 million annual visits, benefiting from strong tenant synergy and a dense residential population. The property is zoned as a Planned Unit Development (PD) District and enjoys excellent visibility and access from Port Washington Road and Interstate 43. The strong demographics of the area, including an affluent average household income of $174,999 within a 1-mile radius, further enhance the investment potential. The property's Net Operating Income (NOI) is $256,880, resulting in a 6.00% cap rate and a price per square foot of $633.28. This is a low-management, passive investment opportunity with substantial upside potential. The asking price is $4,281,000.
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
- Glendale
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9146
- Latitude
- 43.1235
