W17W22650 Lincoln Avenue in Waukesha, Wisconsin is available for sale from PARADIGM.
Enterprise at S17W22650 Lincoln Ave in Waukesha offers a combination of national credit stability and local operational entrenchment. The site’s strategic location, diversified service lines, and favorable demographics make it a compelling choice for investors seeking predictable income, low management burden, and a tenant with strong renewal potential.

Full info sheet | Confidentiality Agreement Quick Access

Lease & Investment Fundamentals

Triple Net lease structure with minimal landlord responsibilities
Historically strong renewal rates due to specialized site needs and fleet logistics infrastructure

Financial Summary

Price: $2,950,000
Price PSF: $87.68
Occupancy: 100%

This is a Confidential Listing | Do Not Disturb Tenant

Property Features:

Building Size: 26,175 SF
Office Size: Approx. 18,675 SF
Warehouse Size: Approx. 7,500 SF
Land Size: 3.168 Acres
Clear Height: 16′ – 17′
Drive-Ins: (2) Two 12′ x 16′ | 12′ x 10′
Ownership Type: Fee Simple
Traffic Counts:
- Arcadian Avenue: 16,000 VPD
- Hwy 59: 38,200 VPD
Zoning: I-1 (Industrial)
2024 Assessment: $1,828,900
2024 Assessor Estimated FMV: $2,522,000
2024 Property Taxes: $17,892.54
Tax Key #: WAKT1298986003

Location Strengths:

Situated in Waukesha’s Lincoln Avenue Industrial Area, a well-established employment corridor serving local, regional, and corporate clients
High-income market: Waukesha County median household income of ~$104,100, significantly above state and national averages
Excellent connectivity to I-94, I-41, and Greater Milwaukee; steady industrial and service traffic patterns
Multi-line operational hub increases likelihood of long-term tenancy

Major Upside: Below Market Rent in a Prime Location

Average Rents for Waukesha County are $7.89/SF NNN
Average Rents for Southeast Wisconsin are $6.74/SF NNN
Waukesha County vacancy rate is 1.8%
Southeast Wisconsin vacancy rate is 6.2%
This site is located in an extremely desirable submarket where space is incredibly challenging to find and rates are at a premium

Statistics current as of Q2 2025 | Source: Moody’s/RediComps

Notes:

Floor drains and access to water in shop
Security system with cameras
Radiant heat in shop
Large conference/training room & ample bathrooms
Significant office remodeling and buildout in last 5 years at Tenant’s expense
Outdoor lighting recently upgraded to LED
Portion of roof replaced in 2021

Market & Industry Backdrop

U.S. car rental market valued at ~$37.9B in 2024, projected 7.5% CAGR through 2030
Growing demand from insurance replacement, corporate fleet, logistics, and short-term truck rentals
Enterprise maintains the largest market share in both airport and neighborhood rental segments, and leads in commercial truck rental growth