3511 S 27th
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3511 S 27th
4,300 SF Retail Building Milwaukee, WI 53221 $3,300,000 ($767/SF) 5.45% Cap Rate
Investment Highlights
- The property has long term leases with possible rent increases.
- The building is new construction with a drive through.
- Building sits in a dense population with high income.
- This building offers excellent traffic flow, easy access, and high visibility, making it an ideal location for businesses.
Executive Summary
A 4,300-square-foot retail building with a drive-thru, leased to Panera, is now available on South 27th Street in Milwaukee, Wisconsin. The
property has a corporate lease with Panera, with almost 12 years remaining and several renewal options. There are 10% rent increases
every five years, with Seller to carry forward 2026 renewal rate upon closing. Located about 4 miles south of downtown Milwaukee in a prime retail area anchored by the renowned 931-bed Aurora St. Luke’s Medical Center, the site benefits from excellent traffic exposure and
demographics. The area has 384,953 residents within a 5-mile radius with an average household income of $78,550, making this an
excellent net lease investment opportunity.
property has a corporate lease with Panera, with almost 12 years remaining and several renewal options. There are 10% rent increases
every five years, with Seller to carry forward 2026 renewal rate upon closing. Located about 4 miles south of downtown Milwaukee in a prime retail area anchored by the renowned 931-bed Aurora St. Luke’s Medical Center, the site benefits from excellent traffic exposure and
demographics. The area has 384,953 residents within a 5-mile radius with an average household income of $78,550, making this an
excellent net lease investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,300 SF
Building Class
C
Year Built
2020
Price
$3,300,000
Price Per SF
$767
Cap Rate
5.45%
NOI
$179,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.72 AC
Zoning
LB-1 - Commercial
Parking
12 Spaces (2.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (85)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
18,181
187,233
368,723
665,898
2029 Population
17,688
182,171
360,242
653,565
2024-2029 Projected Population Growth
-2.7%
-2.7%
-2.3%
-1.9%
Median Age
35.6
35.6
36.2
36.8
College Degree + Higher
17%
19%
25%
21%
Daytime Employees
13,548
53,186
208,446
355,255
Total Businesses
1,911
6,714
19,253
36,024
Average Household Income
$67,391
$69,061
$73,386
$77,953
Median Household Income
$53,294
$53,606
$55,709
$57,929
Total Consumer Spending
$168.7M
$1.8B
$3.9B
$7.4B
2024 Households
6,913
71,687
154,608
283,674
Average Home Value
$181,821
$199,542
$219,357
$245,178
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 553-0772-000-X | Improvements Assessment | $1,115,200 |
| Land Assessment | $314,400 | Total Assessment | $1,429,600 |
PROPERTY TAXES
Parcel Number
553-0772-000-X
Land Assessment
$314,400
Improvements Assessment
$1,115,200
Total Assessment
$1,429,600
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