New 10-Year Advance Auto Parts in Milwaukee | Rare Base Term Rent Increase | Remodeled in 2020 & 2022

5762 North Teutonia Avenue Milwaukee, WI

5762 North Teutonia Avenue, Milwaukee, WI
5762 North Teutonia Avenue, Milwaukee, WI 5762 North Teutonia Avenue, Milwaukee, WI 5762 North Teutonia Avenue, Milwaukee, WI
FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$525,000
Cap Rate:
6.25%
Last Verified:
Apr 07, 2023

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest in the single-tenant Advance Auto Parts property located at 5762 North Teutonia Avenue, Milwaukee, WI (“the Property”). Encompassing ± 9,600 SF on ± 0.70 acres, the Property was built in 1974 and renovated in 2020 and 2022. In Association With: Bradley Feller | WI Lic.#57176-90

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Map of 5762 North Teutonia Avenue, Milwaukee, WI

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.