2727 W North Ave - Freestanding FOR SALE


Milwaukee, WI 53208- Midtown Milwaukee
$1,901,610 USD
317-218-5316
2727 W North Ave, Milwaukee, WI for Sale
$1,901,610 USD
Freestanding - FOR SALE
1/3
null | 10% Cap Rate

2727 W North Ave
Milwaukee, WI 53208
Midtown Milwaukee


HIGHLIGHTS

  • Major Metro - 2 Miles from Downtown Milwaukee
  • Downtown MSA Infill Location, Dense Residential/Commercial Trade Area
  • Low Price Point Compared to Average on Mkt Walgreens
  • Lower Price Per Foot at $141 & Attractive Rent PSF of $14
  • Established site with 30+ years of operating history

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Milwaukee, Wisconsin. The Property's current lease has +/-2.5 years of firm lease term remaining at this established Walgreens store. Walgreens is positioned on the hard corner signalized intersection within a dense residential area with other major national retailers nearby serving the community such as Kroger. This serves as a major thoroughfare for vehicles as they traverse into Downton Milwaukee and this intersection features over 30,000 VPD traversing in front of the property daily. The Subject Property is located less than two miles and a six-minute drive into the campus of Marquette University which has a student enrollment of over 11,000 students and was recently ranked as the 56th best College in the US by the Wall Street Journal. The infill location and lower rent PSF provides an incoming investor a drug store asset at a lower-than-average price point with attractive deal fundamentals.

FOR SALE DETAILS

PRICE

$1,901,610 USD

PRICE/SF

$141 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

CROSS STREETS

N 27th St

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

349-1106-110

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.