6130 Prt Washington Rd Glendale, WI 53217-4308
- Auto shops
- 6,520 SF
- 0.67 lot acres
Current Use by Public Records
- Goodyear Auto Service / Tire Shop / Auto Repair Shop
Property Details for 6130 Prt Washington Rd
- Year built
- 2007
- Lot size
- 0.67 lot acres
- Property size
- 6,520 SF
- Property type
- Auto shops
- APN
- 163-8989-001
- APU
- 1638989001
Description
This exceptional investment opportunity presents a 6,600 square foot, single-tenant Goodyear Tire and Service Center in Glendale, Wisconsin. The property, built in 2007, sits on a 0.67-acre lot (APN 163-8989-001) and boasts a strong 6.00% cap rate. Currently operating at 100% occupancy, the property features four auto bays and benefits from a secure 8-year NNN lease with a corporate guarantee, including three 5-year options. The lease includes a 5.50% rent increase in year six. Located at 6130 N Port Washington Rd, 53217, within Milwaukee County's B-G (Business and Commercial District) zoning, this location enjoys high visibility and traffic counts exceeding 53,000 vehicles per day due to its proximity to Bayshore, a major mixed-use shopping center. The surrounding area showcases affluent demographics with household incomes exceeding $100,000. Recent developments, such as a new, large-format Target store at Bayshore, further enhance the area's growth potential. This well-maintained property offers minimal landlord responsibilities, making it an ideal investment-grade asset with significant long-term value. The asking price is $2,900,000, translating to $439.39 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9124
- Latitude
- 43.1284
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
