1700 Arthur Ct, Waukesha, WI 53188-5723
- Auto shops
- 14,828 SF
- 1.38 lot acres
Current Use by Public Records
- Gerber Collision & Glass / Auto Repair Shop
Property Details for 1700 Arthur Ct
- Year built
- 1991
- Lot size
- 1.38 lot acres
- Zone code
- M-2
- Property type
- Auto shops
- APN
- WAKC1330112
- APU
- WAKC1330112
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 26, 2024 | $1,200,000 | James L Adams | Gerber Real Estate INC | Special Warranty Deed | — |
| Mar 19, 2020 | $1,160,000 | Gerber Real Estate INC | Nagel LLC | Warranty Deed | — |
| — | — | Nagel LLC | — | Deed Of Trust · related | $426k · M & I Marshall & Isley Bank |
| — | — | Nagel LLC | — | Deed Of Trust · related | $790k · First Business Bank Milwaukee |
| — | — | Nagel LLC | — | Deed Of Trust · related | $689k · First Business Bank |
| — | — | Nagel LLC | — | Deed Of Trust · related | $171k · M & I Marshall & Isley Bank |
Description
This exceptional investment opportunity presents a 14,828 square foot auto shop located at 1700 Arthur Ct, Waukesha, WI 53188. The property sits on a 1.91-acre lot and is currently operating as a Gerber Collision center under a new 15-year absolute NNN lease with a corporate guarantee. The lease features attractive 8% rent bumps every five years, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $67,020, translating to a compelling 6.00% cap rate. This sale-leaseback offers a secure, passive income stream with minimal landlord responsibilities. The asking price is $1,117,000, making it an ideal addition to a diversified portfolio. This property is available individually or as part of a larger 10-unit portfolio. Rent commencement is scheduled for after the close of escrow. The property is classified as retail, with subtypes including auto shop and storefront. This is a 1031 exchange eligible property.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,200,000
- ML approach
- $1,200,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $982,000
Market price range: $982k - $3.70M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waukesha
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.2563
- Latitude
- 42.999
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
