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Mission Veterinary Partners N48W14850 Lisbon Rd

17,900 SF 100% Leased Retail Building Menomonee Falls, WI 53051 $6,888,888 ($385/SF) 6.68% Cap Rate

Investment Highlights

  • STABLE LONG-TERM INVESTMENT | OPTIONS TO EXTEND: There are just under 10 years remaining on the lease with 2.00% annual increases.
  • TENANT INVESTMENT IN LOCATION: Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location.
  • MENOMONEE FALLS, WI: Menomonee Falls is home to several notable companies including Kohls Corporation and Enerpac Tool Group.
  • SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION: The lease features 2.00% annual rental increases.
  • PRIME LOCATION: The ±16,700 SF practice is well positioned along Lisbon Rd with excellent visibility and easy accessibility.
  • MISSION VETERINARY PARTNERS: Mission Veterinary Partners is one of the leading networks of veterinarian-owned and managed general practice.

Executive Summary

Broker of Record
Matt Fitzgerald
License No. 938105-91 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
17,900 SF
Building Class
B
Year Built/Renovated
2011/2020
Price
$6,888,888
Price Per SF
$385
Cap Rate
6.68%
NOI
$460,003
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
2.71 AC
Parking
24 Spaces (1.34 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Planet Fitness
9Round

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MNFV-0139-991-002
Land Assessment
$287,300
Improvements Assessment
$4,402,000
Total Assessment
$4,689,300
  • Listing ID: 33453636

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: N48W14850 Lisbon Rd, Menomonee Falls, WI 53051

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