6084 Packard Ave, Cudahy, WI 53110-3028

This fee-simple, single-tenant auto shop in Cudahy, WI, presents a compelling investment opportunity. The 3,520 square foot building, constructed in 1985 on a 0.5-acre lot, is 100% occupied by a corporately guaranteed tenant under a triple-net (NNN) lease with annual rent bumps. The current lease, commencing October 7, 2022, and expiring October 6, 2027, offers a remaining term of approximately 2.9 years, with lease options available. The property boasts a strong net operating income (NOI) of $61,814, resulting in an 8.00% cap rate and a price per square foot of $219.60. The asking price is $773,000. The property includes 10 parking spaces and benefits from a highly visible location on Packard Avenue, near major retailers and Milwaukee Mitchell International Airport. The tenant has operated at this location for over 22 years, demonstrating operational stability within a densely populated area with over 53,400 residents within a three-mile radius and an average household income exceeding $75,000. The building features six service bays and a waiting area. The lease includes annual rent increases of 1.50 percent during the base term and option periods. The property's location offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing auto service center in a prime location.