Enterprise Rent-A-Car Ground Lease: 10 Years...
Transcript of Enterprise Rent-A-Car Ground Lease: 10 Years...
P R O P E R T Y O V E R V I E W
P R O P E R T Y H I G H L I G H T S
D E TA I L S
Sale Price $730,000
Cap Rate 7.09%
NOI $51,750
Lot Size 1.16 Acres
Building Size 3,095 SF
Year Built 2006
Traffic Count 31,000 VPD
Enterprise Rent-A-Car ground lease along the south side of Brown Deer Road inMilwaukee, with frontage and monument signage providing visibility and exposure toapproximately 31,000 VPD. Enterprise's lease runs through 8/31/2026 and the tenant hasleased the property since 2005. The property currently generates a net operating income(NOI) of $51,750. Tenant is responsible for paying the real estate taxes and maintainingthe property. The lease calls for a 15% increase in base rent beginning 2021.
Neighboring retailers include Menard's, Walmart, Walgreens, Wendy's, McDonald's, FootLocker, Aldi, U.S. Cellular, Chase, Associated Bank, Firestone Auto, Dollar Tree, & more.
MATTHEW TARSHIS Vice President
ANDREW RUBIN Vice [email protected] (P) 224.628.4005 (C) 224.628.4005
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
8205 W BROWN DEER ROAD | MILWAUKEE, WI 53223
Enterprise Rent-A-Car Ground Lease: 10 Years Remaining
• Enterprise Rent-A-Car ground lease through 8/31/2026 secured by Enterprise Rent-
A-Car Company of Wisconsin, LLC
• The existing lease calls for a 15% increase in base rent starting 2021
• Enterprise Rent-A-Car is an internationally established brand with over 7,000
locations throughout North America and Europe
LOCATION MAPS
Enterprise Rent-A-Car Ground Lease: 10 Years Remaining8205 W Brown Deer Road | Milwaukee, WI 53223
FOR SALE
MATTHEW TARSHIS Vice President
ANDREW RUBIN Vice [email protected] (P) 224.628.4005 (C) 224.628.4005
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
DEMOGRAPHICS MAP
Enterprise Rent-A-Car Ground Lease: 10 Years Remaining8205 W Brown Deer Road | Milwaukee, WI 53223
FOR SALE
MATTHEW TARSHIS Vice President
ANDREW RUBIN Vice [email protected] (P) 224.628.4005 (C) 224.628.4005
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 3,322 20,493 60,034
# OF PERSONS PER HH 2.1 2.5 2.6
AVERAGE HH INCOME $39,608 $55,568 $58,988
AVERAGE HOUSE VALUE $211,502 $220,120
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 7,001 51,308 157,088
POPULATION DENSITY 7,001 51,308 157,088
MEDIAN AGE 39.2 36.6 34.0
MEDIAN AGE (MALE) 32.7 33.2 31.7
MEDIAN AGE (FEMALE) 44.8 39.5 35.8
ADDITIONAL PHOTOS
Enterprise Rent-A-Car Ground Lease: 10 Years Remaining8205 W Brown Deer Road | Milwaukee, WI 53223
FOR SALE
MATTHEW TARSHIS Vice President
ANDREW RUBIN Vice [email protected] (P) 224.628.4005 (C) 224.628.4005
[email protected] (P) 847.780.8063 (C) 847.542.9058
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
Frontline Real Estate Partners
f r o n t l i n e r e p a r t n e r s . c o m
477 Elm PlaceHighland Park, IL 60035