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Net Lease

ABC Supply Company, Inc. - Milwaukee, WI

11200 W Heather Ave, Milwaukee, WI 53224

Listing Price: $7,250,000

Cap Rate
6.14%
Lot Size
5.29 acres
Year Built
1999
Rentable SF
68,076

Investment Overview

Marcus & Millichap is pleased to exclusively represent the new ABC Supply Company, Inc. location at 11200 W Heather Avenue, Milwaukee, Wisconsin (Milwaukee MSA; Ranked #40), an opportunity to acquire a credit rated tenant (‘BB’ S&P) with a proven operating history in Wisconsin, (Beloit, WI Headquarters). ABC Supply Company, Inc. is the largest wholesale distributor of roofing supplies and one of the largest suppliers of siding, windows and other select exterior and interior building products, tools and related supplies in the US with over 800 locations in 49 states. 2021 reported revenue was $14.7B. ABC Supply Company, Inc. recently signed a new, 15-year double-net lease and (3) Five Year Renewal Options (~March 2023 rent commencement). The lease provides a strong inflation hedge with 2.5% annual increases throughout the primary term. The property maintains four docks, three drive-in doors, as well as 22’ ceiling clear heights. The nearby area maintains an affluent, Average Household Income of $85,367 within a 3-mile radius. The property lies off US-41A and just 5 minutes from I-41 with direct visibility to over 117,000 vehicles per day. All of the property is located in Opportunity Zone 201, North Granville Neighborhood. The subject property, built 1999, precast concrete construction has a GLA of 68,076SF and is located on 5.29 acres to be used for warehouse, distribution, office space and outdoor storage.

Investment Highlights

  • Rare ABC Supply Company, Inc. 15 Year NN Lease; Limited LL Responsibilities; Annual Rent Escalations Throughout Lease Term and (3) Five Year Option Terms
  • Credit rated tenant ('BB' S&P) with a proven operating history in Wisconsin; Largest Wholesale Distributor of Roofing Supplies in US; Over 800 Locations in 49 States; $14.7B Revenue in 2021
  • TPO 60 mil Membrane Roof (Replaced in 2021, 20 Year Warranty); 3,000 AMPS, 480V, 3Phase Power; 4 Docks; 3 Drive-Ins; 22' Clear Height; Gas Fired Unit Heaters; Wet Sprinklers; Outdoor Storage
  • NW Submarket / Milwaukee MSA Opportunity Zone 201, North Granville Neighborhood; Vacancy Rate: 2.4%, below national rate of 4%; Annual Rent Growth in NW Submarket: +9.2% YOY; Modern Business Park with Protective Covenants
  • Located Directly Off US-41A (22,100 VPD); 5 Minutes from I-41 (117,000 VPD); 30 Minutes from Downtown Milwaukee and Milwaukee Mitchell International Airport; Situated on MCTS Bus Stops for Routes 88 and 92
  • Milwaukee, WI MSA: Home to 14 Fortune 1000 Company Headquarters; Population: 1,574,731, Rank: 40th; AHI in 3-Mile Radius = $85,367; 31stLargest City in the U.S.; Ranked Top 25 World Travel Destinations for 2023 (National Geographic)

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Net Lease

ABC Supply Company, Inc. - Milwaukee, WI

Listing Price: $7,250,000

Cap Rate
6.14%
Lot Size
5.29 acres
Year Built
1999
Rentable SF
68,076

Investment Highlights

  • Rare ABC Supply Company, Inc. 15 Year NN Lease; Limited LL Responsibilities; Annual Rent Escalations Throughout Lease Term and (3) Five Year Option Terms
  • Credit rated tenant ('BB' S&P) with a proven operating history in Wisconsin; Largest Wholesale Distributor of Roofing Supplies in US; Over 800 Locations in 49 States; $14.7B Revenue in 2021
  • TPO 60 mil Membrane Roof (Replaced in 2021, 20 Year Warranty); 3,000 AMPS, 480V, 3Phase Power; 4 Docks; 3 Drive-Ins; 22' Clear Height; Gas Fired Unit Heaters; Wet Sprinklers; Outdoor Storage
  • NW Submarket / Milwaukee MSA Opportunity Zone 201, North Granville Neighborhood; Vacancy Rate: 2.4%, below national rate of 4%; Annual Rent Growth in NW Submarket: +9.2% YOY; Modern Business Park with Protective Covenants
  • Located Directly Off US-41A (22,100 VPD); 5 Minutes from I-41 (117,000 VPD); 30 Minutes from Downtown Milwaukee and Milwaukee Mitchell International Airport; Situated on MCTS Bus Stops for Routes 88 and 92
  • Milwaukee, WI MSA: Home to 14 Fortune 1000 Company Headquarters; Population: 1,574,731, Rank: 40th; AHI in 3-Mile Radius = $85,367; 31stLargest City in the U.S.; Ranked Top 25 World Travel Destinations for 2023 (National Geographic)

Investment Overview

Marcus & Millichap is pleased to exclusively represent the new ABC Supply Company, Inc. location at 11200 W Heather Avenue, Milwaukee, Wisconsin (Milwaukee MSA; Ranked #40), an opportunity to acquire a credit rated tenant (‘BB’ S&P) with a proven operating history in Wisconsin, (Beloit, WI Headquarters). ABC Supply Company, Inc. is the largest wholesale distributor of roofing supplies and one of the largest suppliers of siding, windows and other select exterior and interior building products, tools and related supplies in the US with over 800 locations in 49 states. 2021 reported revenue was $14.7B. ABC Supply Company, Inc. recently signed a new, 15-year double-net lease and (3) Five Year Renewal Options (~March 2023 rent commencement). The lease provides a strong inflation hedge with 2.5% annual increases throughout the primary term. The property maintains four docks, three drive-in doors, as well as 22’ ceiling clear heights. The nearby area maintains an affluent, Average Household Income of $85,367 within a 3-mile radius. The property lies off US-41A and just 5 minutes from I-41 with direct visibility to over 117,000 vehicles per day. All of the property is located in Opportunity Zone 201, North Granville Neighborhood. The subject property, built 1999, precast concrete construction has a GLA of 68,076SF and is located on 5.29 acres to be used for warehouse, distribution, office space and outdoor storage.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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