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Property profile & analytics
OFF-MARKET Estimated value $1,510,000
Drug stores

5929 Lisbon Ave Milwaukee, WI 53210-2267

15,160 SF 1.12 ac lot Built 1996
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US92-3480086
Property summary
AI-generated overview

This exceptional investment opportunity presents a 15,160 square foot retail property currently subleased to Dollar General, a credit-rated tenant with a corporate guarantee. Located at 5929 W Lisbon Ave, Milwaukee, WI 53210, this absolute NNN net lease boasts a strong remaining lease term of 7.2 years (expiring 01/31/2032), generating a substantial NOI of $216,200 and a 7.25% cap rate. The property, built in 1996 and situated on a 1.12-acre lot, benefits from high visibility and accessibility along major traffic arteries, with combined daily traffic counts exceeding 32,900 vehicles. The strategic location, less than four miles from downtown Milwaukee, is surrounded by a densely populated area, boasting over 194,000 residents within a three-mile radius and over 482,000 within five miles. Proximity to the Milwaukee Regional Medical Center further enhances the property's value. The asking price is $2,982,066, translating to $196.71 per square foot. National retailers such as PNC Bank, Burger King, and Family Dollar are located nearby, solidifying the area's strong retail presence. This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1996
Total area 15,160 SF
Lot 1.12 ac (48,700 SF)
Zoning code LB2
APN 329-0312-100
UPID US92-3480086
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Grocery & Convenience Store Food Market
  • UPS Access Point location Courier Service Postal Service
  • MoneyGram Bank Credit Union
  • LibertyX Bitcoin ATM Atm
  • CDReload - Online Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$1.51M
Owner & transaction history
Scp 2006-c23-117 LLC · 19 yrs held
Scp 2006-c23-117 LLC
since 2007
2 recorded transactions
2007
$2.7M
2006
$2.7M
Zoning & alternative use
LB2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RT4, RT5, RM5, RM6, RM7, RO2, NS2, LB2, LB3, RB2, CS, C9A, IM 2:3 * Note: In RM6, RM7, C9A and IM districts, a private elderly housing project shall have one parking space for every 2 dwelling units; in other zoning districts, a private elderly housing project shall have 2 parking spaces for every 3 dwelling units. Public housing for low-income families and…

Zone name Local Business Districts
General category COMMERCIAL
Source Master V2
Top alternative use upside
Apartment house (5+ units) $2.1M +204.5%
Restaurant $1.9M +174.6%
Auto repair, garage $1.8M +157.6%
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