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
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
Drug Store
Walgreens | 2 Miles from Downtown Milwaukee | Downtown MSA Infill Location
Listing Price: $2,305,000
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