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31995651
31995647

1201 West Historic Mitchell Street, Milwaukee, WI 53204

ED
NY 10410386411
Matthews
Listed by Matthews
$594,823
40 days on market
Updated 23 days ago
Opportunity zone

FAMILY DOLLAR - MILWAUKEE, WI

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 9,843
Cap Rate 8.75%
NOI $52,047
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 15
Lease Expiration 06/30/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $60
Broker Co-Op True
Buildings 1
Stories 1
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/01/2016
Ground Lease No
Ownership Fee Simple

8.75% Cap | Recent Renewal | NN+

Investment highlights

● Offered at $594,823, representing a 8.75% capitalization rate based on in-place income

● Positioned at the high-visibility intersection of W Mitchell Street (±10,200 VPD) and W Forest Home Avenue (±7,100 VPD), a key arterial route leading into downtown Milwaukee, just two miles from the subject property, supporting consistent commuter traffic and strong accessibility.

● Located within a densely populated area with over 198,588+ residents within a 3-mile radius and an average household income exceeding $79,386.

● Family Dollar has operated at this location since 2016, demonstrating long-term occupancy and operational stability.

● Lease guaranteed by Family Dollar Corporation, a subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), providing a strong corporate-backed income stream.

● Approximately ±5.00 years remaining on the current lease term, with three, 5-year extension options, each featuring 10% rental increases, offering built-in rent escalations upon renewal.

● Market vacancy in the submarket is below 2.0%, and CoStar reports average market rents at approximately $12.63/SF—more than 1.25x the current rent—offering potential upside upon re-leasing.

● The ±9,843 SF building, originally constructed in 1937, underwent a full renovation in 2016 for Family Dollar and has been well maintained since.

● Situated on a ±0.24-acre site with excellent frontage and visibility on Historic Mitchell Street, enhancing long-term real estate value.

● Landlord responsibilities are limited to roof structure and snow removal, offering low-touch management.

Listing Contacts

ED
NY 10410386411
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$52,047.00
$4,337.25/mo

Valuation Metrics

0
DSCR
8.75%
Cap Rate
8.75%
ROI

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