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Walgreens Drug Store
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116 N Military Ave, Green Bay, WI 54303

Single-tenant pharmacy with a 24-hour operating format and a long-term triple-net lease.

Property Size14,409 SF
Days on Market143

Property Features for 116 N Military Ave

General Information

Standard status Active
Size 14,409 SF
Property subtype Retail

Additional Details

Traffic Count 38,800 vehicles/day

Building Details

Buildings 1
Tenancy Single
Listing Agency: The Boulder Group
Listed By: Randy Blankstein · License #IL 471005983
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group

Investment Insights

Based on property information with market context.

This single-tenant drug store in Green Bay, Wisconsin, is occupied by Walgreens and operates around the clock. The 14,409-square-foot building has served the same operator since 2008. Its triple-net lease places no landlord responsibilities on the owner and has been extended through June 2038, with ten 5-year renewal options remaining.

The property sits near the intersection of Shawano Avenue and North Military Avenue, where combined traffic reaches 38,800 vehicles per day. Interstate 41 is several blocks to the west and carries 82,900 vehicles per day. The surrounding retail and medical corridor includes Saint Mary’s Hospital Medical Center, ALDI, The Home Depot, Meijer, Fleet Farm, Woodman’s, Menards, McDonald’s, and BMO Bank. More than 134,000 people live within five miles, with average household income of $79,258.

Key Highlights

  • 14,409‑square‑foot Walgreens drug store operating at the location since 2008
  • Lease extended through June 2038 with ten 5‑year renewal options
  • Triple‑net structure with no landlord responsibilities

Property Analytics

Current Use

Walgreens Cosmetic Store Peter Jackson Pharmacy Heather Noe Pharmacy Luke Vandermause Pharmacy Cardtronics Atm

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

38,800 VPD
Traffic count
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,089
Businesses Nearby
248k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 39% Shops & Services 29% Apparel 17% Groceries 10%
McDonald's Dining
32,530 visits/mo 0.1 miles
Burlington Apparel
25,827 visits/mo 0.4 miles
Aldi Groceries
24,949 visits/mo 0.2 miles
Michaels Shops & Services
22,295 visits/mo 0.4 miles
Starbucks Dining
21,663 visits/mo 0.4 miles

Demographics for 54303, WI

27,478
Population
13,088
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
91%
High-School Grad
11.5 sq mi
ZIP Area
2,389
Density / Sq Mi
$58,110
Median Household Income
$38,983
Median Earnings
$859
Median Rent
$160,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • CVS Pharmacy 1561 W Mason St, Green Bay, WI 54303
  • Kathleen Howe 1561 W Mason St, Green Bay, WI 543032215
  • CVS 1561 W Mason St, Green Bay, WI 54303
  • RX Drive-Thru Green Bay, WI 54304
  • Lawrence Gottlieb 216 Military Ave, Green Bay, WI 543032412

Frequently Asked Questions

What type of property is this?
Drug store - Single-tenant pharmacy with a 24-hour operating format and a long-term triple-net lease.
Where is this drug store located?
The property is located at 116 N Military Ave Green Bay, WI.
What are key features of this property?
This property features: 14,409‑square‑foot Walgreens drug store operating at the location since 2008; Lease extended through June 2038 with ten 5‑year renewal options; Triple‑net structure with no landlord responsibilities
(847) 562-0003 Call to check price and availability
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