2222 W Capitol Dr - Convenience Store FOR SALE


Milwaukee, WI 53209- Garden Homes
$3,000,000 USD
512-430-4466
2222 W Capitol Dr, Milwaukee, WI for Sale
$3,000,000 USD
Convenience Store - FOR SALE
1/12
null | 9.18% Cap Rate

2222 W Capitol Dr
Milwaukee, WI 53209
Garden Homes


HIGHLIGHTS

  • Surrounded by Exciting New Developments
  • Situated on Prominent Corner Lot

OVERVIEW

HIGH VISIBILITY LOCATION – The property is situated on a prominent corner lot, ensuring excellent exposure and visibility to a high volume of traffic. The intersection the site is located on generates over 34,000 vehicles per day. DENSE COMMUNITY – This property serves the central Milwaukee, WI community with over 850,000 residents within a 5-mile radius of the subject. CRITICAL DRIVE-THRU LANE – Drive-thru lanes proved to be critical for retailers through the pandemic, and as total sales volume for restaurants, pharmacy, and bank properties last year hit a record $12 Billion, the interest in drive-through real estate has exploded. INVESTMENT GRADE CREDIT TENANT – Rent is guaranteed for 3.25 Years by Walgreens Corporate, a Fortune 500 pharmaceutical and health service company boasting an S&P credit rating of BBB- and a ± $19 billion market cap.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

9.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

LB2

APN/PARCEL ID

245-0216-110-1

ASK ABOUT THIS PROPERTY

Christian BeckerMatthews Real Estate Investment ServicesMore Info
512-430-4466

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Christian BeckerMatthews Real Estate Investment ServicesMore Info
512-430-4466

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