Listed by The Property Advisor
$2,395,000
2035-2045 East North Avenue
Details
APN 3560286000
Property Type Retail
Sub Type Restaurant
Square Footage 5,050
Net Rentable (SqFt) 5,050
Cap Rate 7.05%
NOI $168,899
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 2007
Acreage 0.139
Zoning LB3 - Local Business
Investment Type Stabilized
Ground Lease No
Fully Leased Corner Retail | Two NNN Tenants | $155,000+ Annual Income | Milwaukee's East Side
Marketing description
A rare chance to acquire a fully stabilized corner retail asset in one of Milwaukee's most active dining corridors. Both tenants are proven operators with established local followings — Ian's Pizza has anchored this location for over 15 years and recently committed to a new five-year term, while Mad Chicken brings a growing brand with demonstrated staying power and late-night demand. The property offers an investor immediate cash flow, minimal near-term rollover risk, and a straightforward lease structure with built-in growth.
Investment highlights
- 100% occupied with two established food & beverage tenants
- NNN leases with annual CAM reconciliations and contractual rent escalations
- Ian's Pizza in place since 2009 — recently extended through April 2030
- Mad Chicken lease through January 2032 with one more 5-year renewal option
- Combined in-place rent exceeds $155,000 annually; path to $180,000+ at renewal rates
- Signalized hard corner at North Ave & Prospect Ave with strong late-night foot traffic
- Dense East Side residential base with UWM campus proximity driving consistent demand
Listing Contacts
Listed by The Property Advisor
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,899.00
$14,074.92/mo
Valuation Metrics
0
DSCR
7.05%
Cap Rate
7.05%
ROI
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