3131 13th St Milwaukee, WI 53215-4609

This exceptional investment opportunity presents a 10,770 square foot, single-tenant retail property fully leased to a credit-rated BMO Harris Bank. Located at 3131 South 13th Street in Milwaukee, Wisconsin, this property boasts a strong 5.34% cap rate and a substantial net operating income (NOI) of $78,783. The absolute NNN lease, commencing January 28, 2022, and expiring January 27, 2034, offers a remaining lease term of approximately 9.2 years, with three five-year renewal options. Rent increases are structured as one percent (1%) plus the year-over-year CPI increase. The property, built in 1974 and scheduled for a refresh in 2025, sits on a 0.95-acre lot with 59 parking spaces and excellent visibility. The property features a two-lane drive-thru and benefits from a favorable LB2 (Local Business District) zoning. The tenant, BMO Harris Bank, a significant market share leader with over $52 million in total 2023 deposits and an 11.23% market share, holds an A+ (S&P) / A3 (Moody's) credit rating and boasts over $550 billion in assets. This investment offers a secure, long-term income stream with built-in rent growth, minimal landlord responsibilities, and an additional $1,375 annual income from a parking easement. The property's location on a main commercial thoroughfare ensures high visibility and accessibility. The asking price is $1,475,000, translating to a price per square foot of $136.95. The property's parcel number is 535-0525-112.