4980 S 76TH St - Fast Food FOR SALE


Milwaukee, WI 53220
$1,570,000 USD
858-449-9922
4980 S 76TH St, Milwaukee, WI for Sale
$1,570,000 USD
Fast Food - FOR SALE
1/11
null | 5.25% Cap Rate

4980 S 76TH St
Milwaukee, WI 53220


HIGHLIGHTS

  • Long-Term Historical Occupancy Burger King has operated out of this location since 1983 and the building was recently remodeled in 2020
  • Inflation Protection Rent is scheduled to increase 10% every 5 years, including options, with the first bump to occur in August 2027, bringing this to
  • Rare Corporate Lease The lease is backed by Burger King’s corporate entity, operating approximately 19,000 locations worldwide, providing long-term st

OVERVIEW

Long-Term Historical Occupancy Burger King has operated out of this location since 1983 and the building was recently remodeled in 2020 Inflation Protection Rent is scheduled to increase 10% every 5 years, including options, with the first bump to occur in August 2027, bringing this to a 5.78% cap rate Rare Corporate Lease The lease is backed by Burger King’s corporate entity, operating approximately 19,000 locations worldwide, providing long-term stability and security Densely Populated and Affluent Trade Area Over 100,000 residents within 3 miles with an Average Household Income over $96,000, projected to increase to $113,930 by 2029 High Traffic / Excellent Visibility Located on South 76th Street with approximately 28,500 cars passing the site every day Just off I-41 with 128,000 VPD Strong Retail Synergy Location Situated inside Greenfield Place shopping center and just north of Southridge Mall, 2 super-regional shopping centers serving the greater Milwaukee area, anchored by Macy’s, JCPenney, T.J. Maxx, Dick’s Sporting Goods & Dollar Tree

FOR SALE DETAILS

PRICE

$1,570,000 USD

PRICE/SF

$595 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C4

APN/PARCEL ID

617-9976-000

ASK ABOUT THIS PROPERTY

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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