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Milwaukee, WI - 7-Eleven Strip Center

$2,067,000

1609 E North Avenue, Milwaukee, WI 53202

Active
Last Updated: 01/31/2025

7.25

Cap Rate

149,848

NOI

Details:
Cap Rate:    7.25%
NOI:    $149,848
Building Size:    6,400 sqft
Description:

• Top-rated anchor tenant | 7-Eleven has an A, investment-grade credit rating (Standard and Poor’s; Stable outlook) which is stronger than a majority of national retail tenants
• 100% fully occupied, 3-tenant strip center | 7-Eleven accounts for nearly 80% of the total annual rent
• All tenants operating under NNN leases

• Hard corner location with excellent access and visibility from North Avenue which boasts 35,550 VPD
• Directly across the street from McDonald’s
• Site is walking distance to:
• University of Wisconsin-Milwaukee | ±23,000 students
• National retail tenants such as Whole Foods, McDonald’s, Pick ‘n Save, Anytime Fitness
• Ascension Columbia St. Mary’s Hospital Milwaukee | 398-bed short term acute care hospital
• Riverside University High School | 1,229 students
• Lake Michigan
• 6+ museums
• About 3 miles from Marquette University | 11,373 students
• Dense area | 140,900+ residents within a 3-mile radius

Map:
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