2865 108Th StWest Allis, WI 53227

This exceptional investment opportunity presents a freestanding, 8,000-square-foot retail building situated on a 1.73-acre lot in West Allis, Wisconsin. The property is an outparcel to a Home Depot and enjoys high visibility due to its location on S 108th St, a road with over 31,000 vehicles per day. The building houses a Dunkin' and an Applebee's, both operating under long-term leases. The current lease, an absolute triple-net (NNN) agreement, features a remaining term of 23.5 years, commencing February 1, 2023, and expiring July 1, 2048. The lease includes five 5-year options and annual rent increases of 1.5%. The property boasts a strong net operating income (NOI) of $214,481, resulting in a 6.60% cap rate. Built in 2003, this single-story building benefits from a strong tenant base, including national brands like Target, AT&T, Dollar Tree, and many others located nearby. The Applebee's franchisee operates over 40 units, and the Dunkin' franchisee operates 15+ units, demonstrating their commitment to the location and market. The asking price is $3,250,000, translating to $406.25 per square foot. This property offers a rare opportunity for a long-term, low-maintenance, high-return investment with minimal landlord responsibilities. The tenants are responsible for property taxes, roof maintenance, building structure, and parking lot upkeep. This is a fee-simple ownership opportunity.