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19363790
19363789

6130 N Port Washington Rd, Glendale, WI 53217

AC
WI WI 69302-94
Colliers - Milwaukee, Wisconsin
Listed by Colliers - Milwaukee, Wisconsin
$2,900,000
683 days on market
Updated 54 days ago

Goodyear Tire and Service Center

Details
APN 163-8989-001
Property Type Retail
Sub Type Auto Shop
Square Footage 6,600
Cap Rate 6.00%
Occupancy 100%
Tenancy Single
Brand/Tenant Goodyear Auto Service
Lease Type NNN
Remaining Term 7
Price per SqFt $439
Year Built 2007
Buildings 1
Acreage 0.670
Zoning B-G | Business and Commercial District

Goodyear Tire and Service Center – Investment Opportunity

Marketing description

Colliers | Wisconsin is pleased to exclusively market for sale a single tenant, triple net leased Goodyear Tire and Service Center located in Glendale, Wisconsin. The well maintained building consists of 6,600 square feet and features four auto bays. Goodyear Tire has had over 15 years at this current location, showing commitment to the site. In addition, Goodyear executed an 8-year corporate guaranteed extension with three 5-year options.

The subject property is prominently located within one of Milwaukee's most affluent communities featuring household incomes of over $100,000. Just south of the subject sits Bayshore, a one million square-foot mixed-use shopping center and the primary retail corridor of Glendale (Silver Spring Dr & Port Washington Rd) boasting traffic counts of over 53,000 VPD. The surrounding area has seen exponential growth. Also, just north at Bayshore, Target opened a new 130,000 SF, two-level store, the first of its kind in the Milwaukee area. This is an excellent opportunity to own a single tenant, investment grade asset, with an 8-year NNN lease with minimal landlord responsibilities.

Investment highlights

  • 7-year NNN lease with 5.50% increase in Year 6

  • Service and necessity based retailer

  • Well maintained building with great curb appeal and minimal landlord responsibilities

  • Strong neighboring retail market within Bayshore, a mixed-use retail center

Listing Contacts

AC
WI WI 69302-94
Colliers - Milwaukee, Wisconsin
Listed by Colliers - Milwaukee, Wisconsin

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Additional Information

Name
Adam Connor
License
WI 69302-94
Brokerage Phone
(414) 276-9500
Brokerage Address
833 East Michigan Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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