Drug Store
Walgreens | Near Marquette University
2727 W North Ave, Milwaukee (Downtown), WI 53208
Listing Price: $1,901,610
Investment Overview
Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Milwaukee, Wisconsin. The Property's current lease has approximately two and a half 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 vehicles per day 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
- Downtown MSA Infill Location, Dense Residential/Commercial Trade Area. Three Mile Population of Approximately 240,000
- Low Price Point Compared to Average on Market Walgreens
- Walgreens has Previously Exercised Renewals at this Location with No Rental Concession, Demonstrating Strength and Commitment to Site
- Lower Price per Foot at $141 and Attractive Rent per Square Foot of $14
- Established Site with 30 Plus Years of Operating History
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Listing Price: $1,901,610
Investment Highlights
- Major Metro - Two Miles from Downtown Milwaukee
- Downtown MSA Infill Location, Dense Residential/Commercial Trade Area. Three Mile Population of Approximately 240,000
- Low Price Point Compared to Average on Market Walgreens
- Walgreens has Previously Exercised Renewals at this Location with No Rental Concession, Demonstrating Strength and Commitment to Site
- Lower Price per Foot at $141 and Attractive Rent per Square Foot of $14
- Established Site with 30 Plus 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 approximately two and a half 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 vehicles per day 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

