1951 E Main St - Auto Repair FOR SALE


Waukesha, WI 53186- Eastern Waukesha
$2,200,000 USD
214-692-2289
1951 E Main St, Waukesha, WI for Sale
$2,200,000 USD
Auto Repair - FOR SALE
1/3
null | 6.61% Cap Rate

1951 E Main St
Waukesha, WI 53186
Eastern Waukesha


HIGHLIGHTS

  • Long-Term Lease – 20-year original lease with 7.25 years remaining
  • Early Lease Extension – Tenant extended their lease early adding an additional 8-year of lease term
  • Absolute NNN Lease – Zero landlord responsibilities
  • Annual Rent Increases – 1.5% annual rent escalations, providing steady income growth
  • Extension Options – Four, 5 Year renewal options, all of which include 1.5% annual rent increases
  • Affluent Location – Waukesha, WI boasts an average household income of $127,663 annually

OVERVIEW

Long-Term Lease – 20-year original lease with 7.25 years remaining Early Lease Extension – Tenant extended their lease early adding an additional 8-year of lease term Absolute NNN Lease – Zero landlord responsibilities Annual Rent Increases – 1.5% annual rent escalations, providing steady income growth Extension Options – Four, 5 Year renewal options, all of which include 1.5% annual rent increases Affluent Location – Waukesha, WI boasts an average household income of $127,663 annually Growing Population – 5-mile population exceeds more than 123,551 residents and the population is expected to grow by 3.52% over the next 5-years High Traffic Area – Strategically positioned at the intersection of Main Street and Moreland Blvd, which sees combined traffic counts of ± 55,000 vehicles daily Strong Economic Area – Waukesha boasts a stable economy, strong employment rates, and an increasing population, making it a desirable investment market Retail Corridor Presence – Close proximity to national retailers, restaurants, and service providers, enhancing customer traffic National Brand Recognition – Valvoline is a well-known leader in the quick service oil change industry Strong Franchisee – Ivy Lane Corporation is the second largest Valvoline Franchisee with 41 locations in Wisconsin, Iowa, and Illinois Essential Business – Automotive maintenance services are considered an essential industry, providing resilience during economic downturns

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$1,888 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VALVOLINE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

B-5

APN/PARCEL ID

WAKC-1005-238

ASK ABOUT THIS PROPERTY

Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

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Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.