5888 Port Washington Rd Glendale, WI 53217
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.