6330 76th St Milwaukee, WI 53218-1208
For Lease
This fee-simple retail property offers a compelling investment opportunity. A 16,709 square foot building, currently a dark CVS Pharmacy, is situated on a 2.47-acre lot at the signalized intersection of N 76th St and W Mill Rd in Milwaukee, WI 53218. The property benefits from an absolute NNN lease with a credit-rated corporate guarantor (CVS Pharmacy), providing zero landlord responsibilities. The lease, originally signed in 2006 for 25 years, has approximately 7.2 years remaining, with ten 5-year renewal options. The asking price is $2,656,494, representing a 7.25% cap rate and a NOI of $192,596. The property enjoys high visibility along major traffic arteries, with combined daily traffic counts exceeding 47,300 vehicles. Its location is strategically advantageous, directly across from the 117,000 square foot Mill Road Shopping Center, and within a densely populated area boasting over 117,000 residents within a three-mile radius and over 267,000 within five miles. Nearby national retailers include Walgreens, Save A Lot, Family Dollar, and O'Reilly Auto Parts. This presents a stable, low-maintenance investment with significant long-term potential. The property's strong location and creditworthy tenant make it an attractive addition to any portfolio.
-
Coinstar Bank Credit Union
(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, L…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IL1 · Milwaukee, WI(IO1 & IO2, IL1 & IL2, IC, IM, IH) 295-801 Purpose 295-803 Uses 295-805 Industrial Design Standards SUBCHAPTER 9 SPECIAL DISTRICTS (PK, TL, PD/DPD, RED) 295-901 Special District Purposes 295-903 Parks District 295-905 Institutional District 295-907 Planned Development District 295-909 Redevelopment District SUBCHAPTER 10 OVERLAY ZONES (NC, IS, DIZ, SP, WL, LF, MSP) 295-1001 Overlay Zone Purposes 295-1003 Neighborhood Conservation Overlay Zone 295-1005 Interim Study Overlay Zone 295-1007 Development Incentive Overlay Zone 295-1009 Site Plan Review Overlay Zone 295-1013 Shoreland-Wetland Overlay Zone 295-1015 Lakefront Overlay Zone 295-1017 Master Sign Program Overlay Zone SUBCHAPTER 11 FLOODPLAIN OVERLAY ZONES (FW, FF, FSD, GFP, CFP) 295-1101 Statutory Authorization 295-1103 Finding of Fact 295-1105 Purposes 295-1107 Definitions 295-1109 Areas to Be Regulated 295-1111 Annexed Areas 295-1113 Abrogation And Greater Restrictions 295-1115 Interpretation 295-1117 Procedures 295-1119 Standards Applicable to All Floodplain Overlay Zones 295-1121 Standards for Development In the Floodway Overlay Zone 295-1123 Standards for Development in the Flood Fringe Overlay Zone 295-1125 Standards for Development in the Flood Storage Overlay Zone 295-1127 Standards for Development in the General Floodplain Overlay Zone 295-1128 Standards for Development in the Coastal Floodplain Overlay Zone 295-1129 Permits Required 295-1131 Certificate of Compliance 295-1133 Floodproofing 295-1135 Nonconformities 295-1137 Administration 295-1139 Government Agencies Regulated 295-1141 Removal of Lands from Floodplain 295-1143 Amendments 295-1145 Warning and Disclaimer of Liability 295-1149 Board of Zoning Appeals 295-1150 Compliance 295-1151 Enforcement and Penalties 295-1153 Severability Zoning 295-101 -653- 4/22/2025 ZONING SUBCHAPTER 1 INTRODUCTION 295-101. Title. This chapter shall be known as the “City of Milwaukee Zoning Code” and may be referred to as the "zoning code.” The locations of the districts enumerated in this chapter, and boundaries of such districts, are established as shown on the zoning map located in the office of the city plan commission. The map referred to herein shall be known as the “City of Milwaukee Zoning Map,” and may be referred to as the "zoning map". 295-103. Purpose. The purposes of this chapter are to: 1. Promote land uses and development that are consistent with the city's comprehensive plan. 2. Promote and protect the public health, safety and general welfare of the city. 3. Secure safety from fire, overcrowding and other dangers. 4.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
