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2561 N 29th St
Milwaukee, WI 53210 Metcalfe Park

$2,970,444 USD

Medical For Sale  •  7,583 SF

Property Details

  • Property Type Medical
  • Total Building Size 7,583 SF
  • Lot Size 0.23 AC
  • Building Class B
  • Year Built 2010
  • Cap Rate 6.75 %
  • Tenancy Multiple
  • Zoning RT4
50 Transit Score
60 Walk Score

Highlights

Long-Term Absolute NNN Lease with ±10 Years Remaining Through April 2036 | Zero Landlord Responsibilities
Scheduled 1% Annual Rental Increases Providing Consistent Income Growth and Inflation Protection
Lease Guaranteed by the State of Wisconsin (Aa3 Moody's) | Institutional-Quality Credit Strength
Two (2) Five-Year Renewal Options Offering Up to 10 Additional Years of Occupancy
Near Fond du Lac Avenue (±20,098 VPD) and North Avenue (±10,812 VPD) with Access to I-43 and U.S. Highway 41
Milwaukee MSA with 1.58 Million Residents and $116,353 Average Household Income

Property Flyers

Cap Rate: 6.75 %

Public Transportation

Commuter RailDriveWalkDistance
10 min - 3.3 mi
AirportDriveWalkDistance
General Mitchell International 20 min - 10.0 mi
Robert Narchi 310-486-9900 Marcus & Millichap
Robert Narchi 310-486-9900 Marcus & Millichap