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Pizza Hut | New 15yr Abs NNN w/ Incrs 3131 S Kinnickinnic Ave

1,710 SF Retail Building Milwaukee, WI 53207 £999,363 (£584/SF) 6.50% Net Initial Yield

Investment Highlights

  • Recently Signed 15-Year Lease | Options To Extend |Scheduled Increases
  • E Oklahoma Ave & S Kinnickinnic Ave (23,300 Combined VPD) | Excellent Visibility & Access | Limited Competition
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Direct Consumer Base | Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, freestanding, Pizza Hut investment property located in Milwaukee, Wisconsin. The tenant, EYM Pizza of Wisconsin, LLC (38-unit operator), recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,710 SF
Building Class
B
Year Built
1977
Price
£999,363
Price Per SF
£584
Net Initial Yield
6.50%
NOI
£64,939
Tenancy
Single
Number of Floors
1
Slab to Slab
12 ft
Building FAR
0.11
Land Acres
0.36 AC
Zoning
LB-2 - Local Business District
Parking
27 Spaces (15.79 Spaces per 1,000 SF Leased)
Frontage
130 ft on S Kinnickinnic Ave

Amenities

  • Bus Route
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32933513

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 3131 S Kinnickinnic Ave, Milwaukee, WI 53207

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