Walgreens Drug
New
For Sale
Contact for pricing
3109 South Kinnickinnic Avenue, Milwaukee, WI 53207
The property includes retail space and scheduled rent increases every five years.
Property Size9,410 SF
Lot Size0.63 Acres
Price / SF$283.51
Days on Market6
Property Features for 3109 South Kinnickinnic Avenue
General Information
Standard status
Active
Size
9,410 SF
Lot size
0.63 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$166,740
Additional Details
Gross Income
$166,740
Building Details
Year Built
1995
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #471020548
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 12:34PM
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 Bang Realty
Investment Insights
Based on property information with market context.
The property is a Walgreens drug store comprising 9,410 rentable square feet on a 0.63-acre parcel. Built in 1995, the building is configured for drug-store retail use. Scheduled rent increases occur at 5.00% every 5 years, providing a defined adjustment structure associated with the property.
The asset is located at 3109 South Kinnickinnic Avenue in Milwaukee, Wisconsin 53207. Its established retail format and identifiable operating location provide a straightforward profile for evaluating the property as a drug-store asset.
The asset is located at 3109 South Kinnickinnic Avenue in Milwaukee, Wisconsin 53207. Its established retail format and identifiable operating location provide a straightforward profile for evaluating the property as a drug-store asset.
Key Highlights
- 9,410 rentable square feet of building space
- Situated on an estimated 0.63‑acre parcel
- Scheduled 5.00% rent increases every 5 years
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.7k | $17.40 |
| − Vacancy | −$9.8k | −$1.04 |
| EGI | $153.9k | $16.36 |
| − OpEx | −$38.5k | −$4.09 |
| NOI | $115.4k | $12.27 |
9,410 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,432 @ 7.0% cap · market cap 4.33%
Second Best
Retail
$1.41M
$1.23M – $1.65M
NOI $98,706 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,291 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53207, WI
34,292
Population
17,278
Households
2
Avg Household Size
37
Median Age
45%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
3,429
Density / Sq Mi
$79,576
Median Household Income
$53,886
Median Earnings
$1,145
Median Rent
$228,500
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jeffrey Turner, RPH — 3109 S Kinnickinnic Ave, Milwaukee, WI 53207, United States
- Walgreens Pharmacy — 3109 S Kinnickinnic Ave, Milwaukee, WI 53207
- James S. Osielski, RPH — 3109 S Kinnickinnic Ave, Milwaukee, WI 53207
- Norman Roets — 3109 S Kinnickinnic Ave, Milwaukee, WI 532072935
- Verdant CBD for Mind & Body — 2680 S Kinnickinnic Ave, Milwaukee, WI 53207
Frequently Asked Questions
What type of property is this?
Drug store - The property includes retail space and scheduled rent increases every five years.
Where is this drug store located?
The property is located at 3109 South Kinnickinnic Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $2,667,840.
What are key features of this property?
This property features: 9,410 rentable square feet of building space; Situated on an estimated 0.63‑acre parcel; Scheduled 5.00% rent increases every 5 years
