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Popeyes 7458 W Appleton Ave 2,464 SF Retail Building Milwaukee, WI 53216 $3,818,333 CAD ($1,549.65 CAD/SF) 6% Cap Rate
Investment Highlights
- NATION'S 2ND LARGEST FRANCHISEE
- ESTABLISHED QSR MARKET
- CLOSE PROXIMITY TO 1,500+ STUDENTS
- DIRECT ACCESS TO I-43 AND I-41
- PREMIER QSR DEMOGRAPHICS
- MAJOR LOCAL TRAFFIC DRIVERS NEARBY
Executive Summary
The Northmarq National Restaurant Group is pleased to offer this single-tenant Popeyes located at 7458 W Appleton Ave, Milwaukee, WI 53216. The property is secured by an absolute NNN lease with 14 years remaining and 10% renewal options every 5 years. The tenant is Popeyes largest operator and the 2nd largest franchisee in the nation, offering consistently high performance.
The property is strategically positioned just off the intersection of Appleton Ave (38,200 VPD) and Capitol Drive (52,600 VPD), which connects to both I-41 (151,279 VPD) to the west and I-43 (154,415 VPD) to the east. The submarket is validated by the most thorough and diligent site-selector among QSRs, 4 McDonald's locations within a 2-mile radius. Further, there are over 2,300+ students passing the site regularly within a 1-mile radius, providing consistent morning and afternoon traffic.
The property is located in an extremely dense residential area of Milwaukee with nearly 170,000 residents within 3 miles. With its long-term absolute NNN lease, strong franchisee guaranty, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
The property is strategically positioned just off the intersection of Appleton Ave (38,200 VPD) and Capitol Drive (52,600 VPD), which connects to both I-41 (151,279 VPD) to the west and I-43 (154,415 VPD) to the east. The submarket is validated by the most thorough and diligent site-selector among QSRs, 4 McDonald's locations within a 2-mile radius. Further, there are over 2,300+ students passing the site regularly within a 1-mile radius, providing consistent morning and afternoon traffic.
The property is located in an extremely dense residential area of Milwaukee with nearly 170,000 residents within 3 miles. With its long-term absolute NNN lease, strong franchisee guaranty, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,464 SF
Building Class
B
Year Built/Renovated
2002/2013
Price
$3,818,333 CAD
Price Per SF
$1,549.65 CAD
Cap Rate
6%
NOI
$229,100 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
LD40
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
254’ on W Appleton
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 251-0531-100-4 | Improvements Assessment | $325,136 CAD |
| Land Assessment | $538,361 CAD | Total Assessment | $863,497 CAD |
Property Taxes
Parcel Number
251-0531-100-4
Land Assessment
$538,361 CAD
Improvements Assessment
$325,136 CAD
Total Assessment
$863,497 CAD
Contacts
-
Maggie Brady -
Matt Lipson -
Will Pural -
Mike Philbin -
Enoch Escalera -
Mitch Bensch -
Ava McKenzie -
Northmarq
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Popeyes | 7458 W Appleton Ave
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