Current Use by Public Records
- Take 5 Oil Change / Auto Repair Shop
- Mitchell Auto Group / Car Dealership
Property Details for 6401 76Th St
- Year built
- 2023
- Lot size
- 0.52 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,421 square foot, single-tenant auto shop in Milwaukee, Wisconsin. Located at 6401 N 76th St, this property boasts a 20-year absolute triple-net (NNN) lease with a prominent national tenant, Take 5 Oil Change, backed by a corporate guarantee from Driven Brands Funding, LLC (operating over 3,500 units). The property sits on a 0.52-acre lot and was newly constructed in 2023, ensuring modern facilities and minimal maintenance needs. The current annual net operating income (NOI) is $100,000, representing a 6.00% capitalization rate on the $1,666,667 asking price. The lease includes attractive annual rent increases of 1.50% starting in year two, providing consistent growth and strong cash flow. Four additional five-year tenant renewal options further enhance the long-term security of this investment. The property's price per square foot is $1,172.88, reflecting its prime location and strong tenant occupancy of 100%. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term potential. The property is currently 100% occupied.
Value Estimations
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AI approach
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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
- -88.0063
- Latitude
- 43.1346
