Drive-Thru Walgreens
For Sale
Contact for pricing
2950 N Oakland Ave, Milwaukee, WI 53211
Fee simple Walgreens with drive-through, positioned at a signalized corner intersection with direct highway access.
Property SizeContact for details
Days on Market123
Property Features for 2950 N Oakland Ave
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
35,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Chicago
(312) 279-5345
Listed By:
Sean Lutz · License #IL 475132482
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 10:50AM
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 SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
This fee simple Walgreens property is offered on an absolute NNN basis and includes drive-through equipment. The lease is signed by the corporate entity and is described as having zero landlord responsibilities. SRS National Net Lease Group reports the tenant has 9 years of firm term remaining with 10 (5-year) option periods left to extend.
The site is located on a signalized, hard corner intersection of Oakland Avenue and Locust Street in Milwaukee, WI, with reported combined traffic of 35,500 vehicles passing by daily. The property also provides direct access onto State Highway 32 and State Highway 190, and Interstate 43.
The surrounding area is described as a dense retail corridor with multiple national/credit tenants, and the asset is noted to be 0.5 miles southwest of the University of Wisconsin-Milwaukee and within a quick drive of Ascension Columbia St. Mary’s Hospital.
The site is located on a signalized, hard corner intersection of Oakland Avenue and Locust Street in Milwaukee, WI, with reported combined traffic of 35,500 vehicles passing by daily. The property also provides direct access onto State Highway 32 and State Highway 190, and Interstate 43.
The surrounding area is described as a dense retail corridor with multiple national/credit tenants, and the asset is noted to be 0.5 miles southwest of the University of Wisconsin-Milwaukee and within a quick drive of Ascension Columbia St. Mary’s Hospital.
Key Highlights
- Fee simple Walgreens investment with absolute NNN lease and zero landlord responsibilities (tenant S&P: BBB).
- Tenant has 9 years remaining on the firm term, plus 10 option periods (five‑year options).
- Signalized hard‑corner location at Oakland Ave and Locust St with 35,500 vehicles passing daily (combined).
Property Analytics
Property Profile
Current Use
Lease Details
35,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53211, WI
36,327
Population
16,346
Households
2.2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
4.0 sq mi
ZIP Area
9,082
Density / Sq Mi
$76,206
Median Household Income
$40,214
Median Earnings
$1,225
Median Rent
$413,500
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
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Similar Off Market Nearby
- CVS Pharmacy — 2607 N Downer Ave, Milwaukee, WI 53211
- Ascension Rx - Lake Drive Pharmacy — 2301 N Lake Dr, Milwaukee, WI 53211
- Walgreens Pharmacy — 2950 N Oakland Ave, Milwaukee, WI 53211
- CVS — 2607 N Downer Ave, Milwaukee, WI 53211
- Paul Ford — 2607 N Downer Ave, Milwaukee, WI 532114245
Frequently Asked Questions
What type of property is this?
Drug store - Fee simple Walgreens with drive-through, positioned at a signalized corner intersection with direct highway access.
Where is this drug store located?
The property is located at 2950 N Oakland Ave Milwaukee, WI.
What are key features of this property?
This property features: Fee simple Walgreens investment with absolute NNN lease and zero landlord responsibilities (tenant S&P: BBB).; Tenant has 9 years remaining on the firm term, plus 10 option periods (five‑year options).; Signalized hard‑corner location at Oakland Ave and Locust St with 35,500 vehicles passing daily (combined).
