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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 Crypto Atm
    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
    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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