6330 76Th StMilwaukee, WI 53218

Property Details for 6330 76Th St

Year built

1996

Lot size

2.46 AC

Property size (Sq ft)

16,709 SF

Zone code

IL1

Property type

Retail properties

Property subtype

Drug stores

APN

154-0002-100

APU

1540002100

Description

This fee-simple retail property offers a compelling investment opportunity. A 16,709 square foot building, currently a dark CVS Pharmacy, is situated on a 2.47-acre lot at the signalized intersection of N 76th St and W Mill Rd in Milwaukee, WI 53218. The property benefits from an absolute NNN lease with a credit-rated corporate guarantor (CVS Pharmacy), providing zero landlord responsibilities. The lease, originally signed in 2006 for 25 years, has approximately 7.2 years remaining, with ten 5-year renewal options. The asking price is $2,656,494, representing a 7.25% cap rate and a NOI of $192,596. The property enjoys high visibility along major traffic arteries, with combined daily traffic counts exceeding 47,300 vehicles. Its location is strategically advantageous, directly across from the 117,000 square foot Mill Road Shopping Center, and within a densely populated area boasting over 117,000 residents within a three-mile radius and over 267,000 within five miles. Nearby national retailers include Walgreens, Save A Lot, Family Dollar, and O'Reilly Auto Parts. This presents a stable, low-maintenance investment with significant long-term potential. The property's strong location and creditworthy tenant make it an attractive addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $4,435,002

  6.5%

  $4,093,848

  7%

  $3,801,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,274,804

  Geo Method

  $5,484,395

• Alternative Use

  Use

  Valuation

  Residential

  $3,453,314

  Hospitality

  $3,163,217

  Educational

  $2,631,760

  Medical

  $2,722,270

  Retail

  $4,093,848

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.1334

Longitude

-88.0047

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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