Net-Leased Outpatient Medical
6901 W EDGERTON AVE Greenfield, WI 53220
6901 W EDGERTON AVE, Greenfield, WI, 53220
Contact for pricing
For Sale
Contact for pricing
Absolute triple-net Aurora outpatient campus with primary, urgent care, surgery, and pharmacy services in Greenfield.
Property Size37,500 SF
Price / SF$300.27
Days on Market57
Property Features for 6901 W EDGERTON AVE
General Information
- Standard status
- Active
- Size
- 37,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
The Boulder Group
Listed by
John Feeney · License #IL 475154756
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 6:16AM
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 outpatient medical campus is operated by Aurora Health Care at the location since 2005. The 37,500-square-foot facility supports primary and family medicine, urgent care, outpatient surgery, pharmacy services, and multiple specialty practices. The property is structured as an absolute triple-net lease, with zero landlord responsibilities, and includes 2% annual rental escalations throughout the remaining term. Tenant renewal history includes multiple lease extensions, and the most recent renewal option has been exercised. The lease also offers two additional five-year renewal options, and is backed by a corporate guaranty from Aurora Health Care, Inc.
The campus is located within the Milwaukee MSA in Greenfield, Wisconsin, positioned about one half mile from Southridge Mall (a 1.1+ million-square-foot regional center anchored by Macy’s, JCPenney, Dick’s Sporting Goods, and TJ Maxx). It sits within the S. 76th Street/Edgerton Avenue corridor and provides frontage on West Edgerton Avenue with convenient proximity to I-41 (148,000 VPD).
For investors and healthcare-aligned buyers, the offering provides a long-standing, single-operator outpatient platform with a corporate-guaranteed, absolute triple-net structure and contractual rent escalations. Aurora’s outpatient footprint in the region, including proximity to other Aurora facilities, also supports the site’s role within its integrated care network.
The campus is located within the Milwaukee MSA in Greenfield, Wisconsin, positioned about one half mile from Southridge Mall (a 1.1+ million-square-foot regional center anchored by Macy’s, JCPenney, Dick’s Sporting Goods, and TJ Maxx). It sits within the S. 76th Street/Edgerton Avenue corridor and provides frontage on West Edgerton Avenue with convenient proximity to I-41 (148,000 VPD).
For investors and healthcare-aligned buyers, the offering provides a long-standing, single-operator outpatient platform with a corporate-guaranteed, absolute triple-net structure and contractual rent escalations. Aurora’s outpatient footprint in the region, including proximity to other Aurora facilities, also supports the site’s role within its integrated care network.
Key Highlights
- Single‑tenant absolute triple‑net (NNN) net leased Aurora Health Care outpatient campus in Greenfield, WI
- Aurora Health Care has operated at the location since 2005 with multiple lease extensions, most recently exercising its first renewal option
- 37,500 SF medical facility offering primary and family medicine, urgent care, outpatient surgery, pharmacy, and specialty practices
Local Financial Insights For Healthcare Medical
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 | $985.5k | $26.28 |
| − Vacancy | −$123.2k | −$3.29 |
| EGI | $862.3k | $23.00 |
| − OpEx | −$344.9k | −$9.20 |
| NOI | $517.4k | $13.80 |
37,500 SF · lease $26.28/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$7.39M
$6.47M – $8.62M
NOI $517,388 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.89M
$7.78M – $10.37M
NOI $622,483 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Absolute triple-net Aurora outpatient campus with primary, urgent care, surgery, and pharmacy services in Greenfield.
Where is this medical center located?
The property is located at 6901 W EDGERTON AVE Greenfield, WI.
What is the asking price?
The asking price for this property is $11,260,000.
What are key features of this property?
This property features: Single‑tenant absolute triple‑net (NNN) net leased Aurora Health Care outpatient campus in Greenfield, WI; Aurora Health Care has operated at the location since 2005 with multiple lease extensions, most recently exercising its first renewal option; 37,500 SF medical facility offering primary and family medicine, urgent care, outpatient surgery, pharmacy, and specialty practices
