The investment consists of a 6,000 SF, single tenant leased to Concentra Health Services, Inc. The tenant executed a 10 year lease in 2004 which was just extended for an additional five years now expiring 11/30/2019, with one 5 year options to extend. In junction to the lease being extended an extra five years, rent increased $12,000/yr. or 16.66%. The lease is structured as double net whereas the tenant is responsible for all expenses associated with the property - excluding roof and structure. Tenant and Landlord have agreed to split the cost of replacing HVAC. The subject is surrounded by residential properties to the North and an industrial properties to the South. In 2013, the population in a five mile radius of the property is 532,209, within a three mile radius it is 243,655. Traffic counts along 35th street and I-94 are 17,900 vehicles per day and 146,000 vehicles per day respectively.
12 YEARS REMAINING ON A LEASE BACKED BY 7-ELEVEN CORPORATE AND LOCATED WITHIN THE MILWAUKEE, WISCONSIN MSA The lease is triple-net and includes 1.5 percent annual rent increases and four, five-year options to renew. The landlord is responsible for roof replacement (not maintenance), foundation and structure. Tenant is responsible for everything else. The lease is backed by 7- Eleven Corporate with an AA-Standard & Poor' s rating. The Property is located at the corner of Cleveland Avenue and Moorland Road sandwiched between Interstate 94 to the north and Interstate 43 to the south. The property is located within close proximity of an abundance of national retailers including Walgreens, Starbucks, Sprint, Walmart, Jimmy John' s, Taco Bell, Qdoba, US Bank and more. Average household incomes near the subject property exceed $107,000 per year.
12 YEARS REMAINING ON A LEASE BACKED BY 7-ELEVEN CORPORATE AND LOCATED WITHIN THE MILWAUKEE, WISCONSIN MSA The lease is triple-net and includes 1.5 percent annual rent increases and four five-year options to renew. The property includes a two-bay car wash. The landlord is responsible for roof replacement (not maintenance), foundation and structure. Tenant is responsible for everything else. The lease is backed by 7-Eleven Corporate with an AA- Standard & Poor' s rating. The property is located directly off of Highway 164 with nearby traffic counts exceeding 20,000 vehicles per day. Average annual household incomes in the area reach nearly $100,000 per year.
Price Upon Req.23,783 SF
Auction.com presents the opportunity to acquire a 23,783 SF, single story, multi-tenant, retail/flex building located at 7505 West Bradley Road in Milwaukee, WI. The property sits on 1.549 acres, contains a commercial building with gross building area of 24,250 SF (net rentable area of approximately 23,783 SF), and the layout is roughly a U-shape with the parking lot located in the center and a service driveway extending along the east and south elevations. The improvements are made of steel frame construction, constructed in 1979 and expanded in 1980, and can be easily renovated for a wide range of uses from retail to industrial. The in-place tenants occupy 47.3% and have near term expirations or MTM allowing for huge value-add through lease-up. Additionally, this property would be well-suited for an owner-user. The property has 49 parking spaces and ample additional parking available in the service court on the east and south sides of the building.The property is located in the City of Milwaukee within Milwaukee County.
Amazing restaurant available in south central Milwaukee! Located on heavily traveled South 27th Street with access and proximity to Interstate 894/43. Property was built in 1981 but has had many updates giving it a very modern atmosphere. Property includes 1.434 acres on two parcels with two paved parking lots to accommodate about 140 vehicles, 8,000 square feet (per seller) of restaurant space that includes entrance/reception area, open dining areas, a bar, a kitchen, storage areas, and several restrooms. Property also has an unfinished basement for extra storage. Restaurant equipment and fixtures not included in sale. LIST PRICE IS $1,350,000 WITH AN OPENING BID OF $895,000 IF NO OFFERS RECEIVED BEFORE 12/2/15 AUCTION. Buyer Fee of 2% or $2,000, whichever is greater, to be added to high bid to determine final sale price. EM of 5% of high bid/sales price due from high Bidder at time of auction/offer. Offers subject to seller approval. Property sold 'as is, where is'. See Bidder Packet for additional details.
Price Upon Req.15,339 SF
AUCTION! 15,339± SF BUILDING ON 1.45± ACRES & ADJACENT 20± ACRES OF LAND (Includes: Storefront, Offices & Warehouse) Offered In Its Entirety This property can be used as is and offers exceptional expansion possibilities. It's located in a great area with close proximity to a strong retail corridor and adjacent to the fully signalized access to Uihlein Soccer Park and the Milwaukee Kickers (13 outdoor & 3 indoor soccer fields). This custom-built facility includes a showroom, offices and warehouse with a high bay, self-leveling semi-loading dock, heavy-duty commercial floor drain, steel stud walls, extra thick floor slabs & a pitched Spanish tile roof with a potential 50 year lifespan. Building Sizes: Storefront & Office Space 5,726± SF Warehouse & Service Space 9,613± SF Year Built: 1985 Lot Size: 1.45± Acres Zoning: CS (Commercial Service) Adjacent Land Details Lot Size: Two Parcels Totaling 20± Acres Zoning: CS (Commercial Service)
The property is located at the hard corner of Orchard Street and Durand Avenue within Racine's primary retail corridor. The property consists of three drive-thrus and parking for 20 cars. The building is passed by over 21,000 cars per day. Elmwood Plaza Shopping Center, located across the street, hosts a weekly farmer's market that brings additional foot traffic to the area. The Durand Avenue retail corridor is home to Regency Mall, the area's only super-regional mall, which is anchored by Boston Store, Burlington Coat Factory, and JCPenney. Other national retailers in the corridor include Target, The Home Depot, and Walgreens, in addition to numerous grocery stores and restaurants.
Price Upon Req.2,766 SF
Real Estate Auction 2,766+/- sf Mixed-Use Commercial Milwaukee, WI 4110 W Martin Dr Appealing Tudor style mixed-use commercial building with 2,766+/- sf, vaulted ceilings, hardwood floors, leaded glass windows, wrought iron railings and 2.5 bathrooms. This property has hosted successful coffee shops over the past 13 years and is ideal for professional office, spa, restaurant and retail. Located in Historic Milwaukee in the Martin Drive neighborhood. You can see Miller Ball Park from the front. Property is currently vacant. Roof replaced in 2000. Built in 1927. Approx .16ac lot. Taxes approx $9,773 ('13). Nominal Opening Bid: $50,000 Open to the Public: 11-2 pm Friday, December 11 and 2 hours prior to auction. Auctions: 9am, Fri Dec 18 on site or bid live from anywhere. WI Dean C. Williams RE LIC 53610-090 Monte W. Lowderman AUC LIC 1259-052 Buyer's Fee May Apply.
Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a freestanding, single tenant, absolute NNN leased, Golden Corral, located in Waukesha, WI. The tenant, Golden Corral, will sign a brand-new 15-year lease at the close of escrow demonstrating long-term commitment to the location. The lease features 7.5% increases every 5 years throughout the initial term and 7.5% rental increases at the beginning of each 5 (5-Year) option periods, which generates steady NOI growth and hedges against inflation. Additionally, the store benefits from a healthy 8.25% rent to sales ratio.
Stan Johnson Company is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a rare 100% fee-simple interest in the Johnson Bank property located at 14000 W North Avenue in Brookfield, Wisconsin (the Property ). The Property is located at the northwest corner of the hard signalized intersection of W North Ave and Lilly Rd, approximately 10 miles west from downtown Milwaukee. Built in 2008, the Property is an extremely attractive and rare suburban infill, LEED certified asset in Brookfield. The property benefits from a strong tenant credit profile with more than $3.8 billion in assets, and a Net Worth in excess of $500 million. Additionally, the Property benefits from both high population density and income levels. Over 190,461 live within 5 miles and average household income within 1 mile is in excess of $150,823.