Triple Net Leased Restaurant – Milwaukee, WI

$699,000

Property Description

This sit-down restaurant has a cap rate at 12.01%!  It is leased on a triple net basis and includes three options to renew.  The second and third options include rent escalators, offering the investor additional long-term income.

The building improvement is 5,749 square feet in size.  It is situated on a 0.713-acre site.  It is located along a major arterial in the City of Milwaukee, with an average daily traffic count at 25,300 vehicles.  The site also includes 71 surface parking stalls and a pylon sign.  Further, the property is zoned NS2 (Commercial Neighborhood Shopping District).

Details

Property Price: $699,000
Property Size/Sq. Ft.: 5,749 Sq Ft
Property Size/Acres: .71