6101 W Greenfield Ave - Drug Store FOR SALE


West Allis, WI 53214- Wauwatosa/West Allis
$4,750,000 USD
847-562-9280
6101 W Greenfield Ave, West Allis, WI for Sale
$4,750,000 USD
Drug Store - FOR SALE
1/2
null | 8% Cap Rate

6101 W Greenfield Ave
West Allis, WI 53214
Wauwatosa/West Allis


HIGHLIGHTS

  • Positioned within the Milwaukee MSA – Ranked #40 in the United States for population size
  • Seller Financing Available
  • Over 9 years remaining on lease with operating history since 2008
  • NNN – No landlord responsibilities
  • Situated on a 1.54-acre lot
  • Nearby national retailers include Walmart, Target, Menards, ALDI, Walmart, Burlington, McDonald’s, & Starbucks

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Milwaukee MSA in West Allis, Wisconsin. Walgreens has been operating at this location since its construction in 2008. The lease expires in July 2033 and has fifty 1-year options. The lease is triple net with no landlord responsibilities. The 14,487 square-foot building benefits from its position on West Greenfield Avenue, which experiences 11,400 vehicles per day. West Greenfield Avenue intersects with I-41/I-894 (173,000 VPD) and connects to I-94 (161,000 VPD). The subject property is located near several regional shopping centers and popular entertainment options. Nationally recognized tenants occupying surrounding centers include Walmart, Target, Menards, ALDI, Walmart, Burlington, McDonald’s, and Starbucks. The subject property is located less than 2 miles southwest of American Family Field, the stadium for the Milwaukee Brewers. It is also located less than 2 miles east of the Wisconsin State Fair Park and the Milwaukee Mile Speedway. Lastly, the property is located 1 mile southwest of the Clement J Zablocki Veterans Affairs Medical Center, which is a 637-bed, multifaceted medical facility that receives 500,000 visits annually. Walgreens is surrounded by a densely populated area. There are 461,663 people living within a 5-mile radius who earn an average household income of $80,752. The property is just 4 miles southwest of Marquette University and 5 miles southwest of downtown Milwaukee. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens (Seller financing available)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

Commercial

APN/PARCEL ID

454-0640-001

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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