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Drug Store

Walgreens | 2 Miles from Downtown Milwaukee | Downtown MSA Infill Location

2727 W North Ave, Milwaukee (Downtown), WI 53208

Listing Price: $2,305,000

Cap Rate
8.25%
Tenant Name
Walgreens
Years Remaining On Lease
3.2
Guarantor
Corporate Guarantee
Rentable SF
13,500
Lease Type
Double Net
Rent Per Square Feet
$14.09

Investment Overview

Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Milwaukee, Wisconsin. The Property's current lease has +/-3.5 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

Investment Highlights

  • Major Metro - Two Miles from Downtown Milwaukee
  • Walgreens has Previously Exercised Renewals at this Location with no Rental Concession, Demonstrating Strength and Commitment to Site
  • Downtown MSA Infill Location, Dense Residential/Commercial Trade Area. Three-Mile Population of Approx. 240,000
  • Low Price Point Compared to Average on Market Walgreens
  • Lower Price Per Foot at $171 and Attractive Rent per Square Foot of $14
  • Established Site with 30+ Years of Operating History

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Drug Store

Walgreens | 2 Miles from Downtown Milwaukee | Downtown MSA Infill Location

Listing Price: $2,305,000

Cap Rate
8.25%
Tenant Name
Walgreens
Years Remaining On Lease
3.2
Guarantor
Corporate Guarantee
Rentable SF
13,500
Lease Type
Double Net
Rent Per Square Feet
$14.09

Investment Highlights

  • Major Metro - Two Miles from Downtown Milwaukee
  • Walgreens has Previously Exercised Renewals at this Location with no Rental Concession, Demonstrating Strength and Commitment to Site
  • Downtown MSA Infill Location, Dense Residential/Commercial Trade Area. Three-Mile Population of Approx. 240,000
  • Low Price Point Compared to Average on Market Walgreens
  • Lower Price Per Foot at $171 and Attractive Rent per Square Foot of $14
  • Established Site with 30+ Years of Operating History

Investment Overview

Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Milwaukee, Wisconsin. The Property's current lease has +/-3.5 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

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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