7-Eleven Strip Center | 1.5%-5% Annual Bumps 1609 E North Ave 6,400 SF 100% Leased Retail Building Milwaukee, WI 53202 $2,067,000 ($322.97/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied 7-Eleven Anchored Center - Long Term Tenant |5 Year Options | Scheduled Rent Increases
- Strong Demographics In 5-Mile Trade Area
- Primary Retail Thoroughfare | Directly Across From McDonald’s Extensive Frontage and Visibility | Near Many Amenities
EXECUTIVE SUMMARY
• 100% fully occupied, 3-tenant strip center | 7-Eleven accounts for nearly 80% of the total annual rent
• All tenants operating under NNN leases
• Average of about 5 years remaining on the various leases
• 7-Eleven has been a tenant at the center for 12 years
• All tenants have multiple 5-Year options
• Superb hedges against inflation | All tenants have annual rent increases ranging from 1.5%-5%
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
- Asian Fusion
- Retailer
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
- Barber Shop
- Services
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99,999 SF
- -
- -
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Asian Fusion | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Barber Shop | Services | 99,999 SF | - | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 355-0448-100-8 | Improvements Assessment | $992,000 |
| Land Assessment | $264,000 | Total Assessment | $1,256,000 |
