6130 Port Washington RdGlendale, WI 53217

For Sale
$2,900,000

High-yield NNN leased auto shop investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 6,600 square foot, single-tenant Goodyear Tire and Service Center in Glendale, Wisconsin. The property, built in 2007, sits on a 0.67-acre lot (APN 163-8989-001) and boasts a strong 6.00% cap rate. Currently operating at 100% occupancy, the property features four auto bays and benefits from a secure 8-year NNN lease with a corporate guarantee, including three 5-year options. The lease includes a 5.50% rent increase in year six. Located at 6130 N Port Washington Rd, 53217, within Milwaukee County's B-G (Business and Commercial District) zoning, this location enjoys high visibility and traffic counts exceeding 53,000 vehicles per day due to its proximity to Bayshore, a major mixed-use shopping center. The surrounding area showcases affluent demographics with household incomes exceeding $100,000. Recent developments, such as a new, large-format Target store at Bayshore, further enhance the area's growth potential. This well-maintained property offers minimal landlord responsibilities, making it an ideal investment-grade asset with significant long-term value. The asking price is $2,900,000, translating to $439.39 per square foot.

Highlights

  • 8-year NNN lease with Goodyear Tire & Service Center, including three 5-year options and a 5.5% rent increase in year six.
  • Single-tenant, necessity-based retailer (Goodyear) in a high-traffic location.
  • Well-maintained, 6,600 SF building on a 0.67-acre lot with minimal landlord responsibilities.
  • Excellent location near Bayshore, a major mixed-use shopping center, with high visibility and daily traffic counts exceeding 53,000 vehicles.

Property Details for 6130 Port Washington Rd

Property type
Other retail properties, Automotive properties
Square Feet
6,600 SF
Year Built
2007
Buildings
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Glendale
County
Milwaukee
State
Wisconsin
Latitude
43.128378
Longitude
-87.9126065
6130 Port Washington Rd, Glendale, Wisconsin

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6130 Port Washington Rd
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