2561 N 29th St
Milwaukee, WI 53210
Next Door Pediatrics · Office Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Children's Wisconsin outpatient clinic located at 2561 N 29th Street in Milwaukee, Wisconsin. The ±7,583-square-foot purpose-built healthcare facility, constructed in 2010, is secured by a long-term absolute NNN lease with approximately 10 years remaining through April 2036 and zero landlord responsibilities. The lease generates $200,505 in annual base rent at a 6.75% cap rate, with scheduled 1% annual rental increases and two (2) five-year renewal options. Lease payments are guaranteed by the State of Wisconsin (Aa3 Moody's), delivering institutional-quality credit strength and long-term income security.
The property is positioned along North 29th Street with convenient access to Interstate 43 and U.S. Highway 41, near Fond du Lac Avenue (±20,098 VPD) and North Avenue (±10,812 VPD). The surrounding trade area includes Marquette University (11,500+ enrollment), Fiserv Forum, Ascension SE Wisconsin Hospital, and established residential neighborhoods with 504,208 residents and $88,451 average household income within 5 miles. Children's Wisconsin is the state's No. 1 pediatric hospital per U.S. News, with over 125 years of service, pairing mission-critical healthcare demand with passive, state-backed net-lease income.