777 North Water Street

Milwaukee, WI 53202

Listing ID: 215042
$1,350,193
For Sale
  • Property Type Retail : Other Retail
  • Lot Size Acres 0.000
  • Building Sq Ft 7,983
  • Building Price per Sq Ft $169.13
  • Land Price per Sq Ft $169.13
  • NOI $104,640
  • CAP Rate % 7.75
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Description

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Wisconsin LLC, is pleased to present Rodizio Grill located at 777 North Water Street in Milwaukee, Wisconsin. The property is located in Downtown Milwaukee and is comprised of a ground floor retail condo encompassing 7,983 square feet of restaurant space. The site has housed a Brazilian Steakhouse concept for over 15 years. Rodizio Grill will be subject to a 10 year lease at closing with 2% annual increases throughout the primary term and option periods, and will be personally guaranteed by the franchisees of this location, including the founder of Rodizio Grill, Ivan Utrera. The site is located in the neighborhood of East Town, which is home to many of the city’s popular attractions and beautiful lakefront. There are 207,987 residents and 257,854 daytime workers within 3 miles of the site, which provides a strong customer base for the restaurant. The combination of a busy downtown neighborhood, annual rental increases combined with a nationwide Brazilian steakhouse concept makes this an excellent net lease investment opportunity.

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population25,966198,240442,698
Population Median Age353335
Population by Age0-9 Yrs773 (2%)24944 (12%)61013 (13%)
10-19 Yrs2760 (10%)28129 (14%)62165 (14%)
20-29 Yrs10270 (39%)50431 (25%)85091 (19%)
30-39 Yrs4632 (17%)30410 (15%)67426 (15%)
40-49 Yrs1764 (6%)19753 (9%)49840 (11%)
50-59 Yrs2303 (8%)18973 (9%)49382 (11%)
60-69 Yrs1993 (7%)15126 (7%)38807 (8%)
70+ Yrs1471 (5%)10474 (5%)28973 (6%)
Median HH Income$56,588$34,673$43,188
Total Household Income< 24K3579 (26%)31393 (38%)54556 (30%)
25-49K2576 (19%)19911 (24%)43919 (24%)
50-74K2012 (14%)11822 (14%)29404 (16%)
75-99K1466 (10%)6655 (8%)18363 (10%)
100-199K2809 (20%)8697 (10%)24130 (13%)
200K+990 (7%)2303 (2%)6447 (3%)
Highest Education LevelNo Diploma10642377243799
Diploma or GED21703027773600
Some College29492276255352
Assoc. Degree1113627517549
Bachelors Degree67842273154589
Higher Degree40901343633783
Total Housing Units15,48494,810199,977
--Owner-Occupied2,74620,75669,795
--Renter-Occupied10,68560,025107,024
Owner-Occupied Values< 100K95888921298
100-199K670585527175
200-299K820313210992
300-399K45512814752
400-499K2905902031
500K+41610083547
Total Working Age Population24,927158,772346,469
In Work Force16,526101,770226,107
Not In Work Force8,40157,002120,362
Workforce Employed16,01695,140212,007
Workforce Unemployed5016,59514,018
Civlian Workforce16,517101,735226,026
Military Workforce83481
Total Households13,43180,781176,819
Family Households2,88633,11489,550
Non-Family Households10,54647,66787,269
Married Couple2,11116,00849,148
Other Family77517,10640,401
Married w/Child2276,32120,402
Single Male w/Child1101,9885,220
Single Female w/Child3348,78519,535

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Wisconsin5,363,675+65,686,986+66,005,080+66,375,910
Milwaukee County940,164+1947,735+3972,610+1980,450

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Wes Koontz Agent Photo

Wes Koontz

Mid-America Real Estate Corpor
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