6101 Greenfield Ave, West Allis, WI 53214
14,490 SF | Retail Building | West Allis, WI 53214 | $4,750,000 ($328/SF) | 8% Cap Rate
For Sale
Active
2 pictures
Asking Price $4,750,000
- Property Type
-
Retail
- Square Feet
- 14,490 SF
- Price / Square Foot
- $328
Listing Contacts
John Feeney
Randy Blankstein
- Property Info
Property 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.
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.
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 67,518 SF
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
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