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First Watch NNN Lease Sale

$3,440,000

5320 South 76th Street, Greendale, WI 53129

Active
Last Updated: 03/07/2025

5.5

Cap Rate

189,000

NOI

Details:
Cap Rate:    5.5%
NOI:    $189,000
Building Size:    5,125 sqft
Lot Area:    1.58 sqft
Occupancy:    100%
Class:    A
Lease Type:    Triple Net
Year Built:    2009
Zoning:    Commercial
Tenancy:    Single
Year Last Renovated:    2022
Investment Strategy:    Core Plus
Highlights:
  • Freestanding First Watch Restaurant with Corporate Guarantee
  • $189,000/yr in Base Rent
  • 10% Rent Increases every 5 years
  • Outparcel in front of Southridge Mall, one of Milwaukee’s 4 Super Regional Malls
  • 220,975 Daytime Population
Description:

A corporate backed First Watch Restaurant located as a part of the Southridge trade area in Milwaukee, Wisconsin. The restaurant occupies an outparcel fronting South 76th Street, one of Milwaukee’s sought after retail corridors. A newly constructed Raising Cane’s and Bank of America occupy neighboring outparcels.

$189,000 in annual Base Rent, with 10% annual rent increases every 5 years. Minimal Landlord responsibility.

Map:
Documents:
Title
First_Watch_-_Greendale__WI_-_OM.pdf
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Location
Gallery