4934 Fond Du Lac Ave Milwaukee, WI 53216
- Retail properties
- 7,000 SF
Current Use by Public Records
- Advance Auto Parts / Car Battery Store / Tool Rental Service
- UPS Access Point location / Shipping And Mailing Service / Mailing Service
Property Details for 4934 Fond Du Lac Ave
- Year built
- 2004
- Property size
- 7,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Milwaukee, WI. The 7,000 square foot building, constructed in 2004, is currently 100% occupied by Advance Auto Parts under a corporate-guaranteed, absolute NNN lease with 6.8 years remaining. The lease includes two, five-year renewal options and a 10% rent increase every five years, providing strong long-term income potential. The property boasts a 7.15% cap rate and a substantial net operating income (NOI) of $76,296. Advance Auto Parts has operated successfully at this location for 20 years, recently extending their lease, demonstrating their commitment to the site. The property benefits from a high-traffic location, with daily traffic counts exceeding 90,700 vehicles at the intersection of HWY 190 and W Fond du Lac Ave. The surrounding area features a dense population, with approximately 198,186 residents within a three-mile radius and 432,270 within five miles. The property's proximity to other national retailers, including Walgreens, Foot Locker, Game Stop, and McDonald's, further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and favorable lease terms. The property is located at 4934 W Fond du Lac Ave, Milwaukee, WI 53216, approximately 4.7 miles from Downtown Milwaukee.
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
- Milwaukee
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9749
- Latitude
- 43.0892
