This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
7-Eleven Strip Center | 1.5%-5% Annual Bumps 1609 E North Ave
6,400 SF 100% Leased Retail Building Milwaukee, WI 53202 £1,751,580 (£274/SF) 6.75% Net Initial Yield
Investment Highlights
- Top-rated anchor tenant | 7-Eleven has an A, investment-grade credit rating (S&P; Stable outlook) which is stronger than a majority of retail tenants
- All tenants operating under NNN leases
- Superb hedges against inflation | All tenants have annual rent increases ranging from 1.5%-5% annually
- 100% fully occupied, 3-tenant strip center | 7-Eleven accounts for nearly 80% of the total annual rent
- Hard corner location with excellent access and visibility from North Avenue which boasts 35,550 VPD
- Site is walking distance to University of Wisconsin-Milwaukee which has ±23,000 students
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
• Hard corner location with excellent access and visibility from North Avenue which boasts 35,550 VPD
• Superb hedges against inflation | All tenants have annual rent increases ranging from 1.5%-5% annually
• Average of about 5 years remaining on the various leases
• 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
• 7-Eleven is one of the nation’s largest independent gasoline retailers and has well over 70,000 stores worldwide throughout 18 countries
Property Facts
Amenities
- Bus Route
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
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
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
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 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 355-0448-100-8 | Improvements Assessment | £782,688 |
| Land Assessment | £208,296 | Total Assessment | £990,984 |
PROPERTY TAXES
-
Aron Cline -
Matt Coates -
Calvin Short -
Gary Chou -
Berkeley Capital Advisors
Presented by
7-Eleven Strip Center | 1.5%-5% Annual Bumps | 1609 E North Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.