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    6101 Greenfield Ave West Allis, WI 53214

    Sponsored
    For Sale
    $4,750,000

    High-yield Walgreens, Milwaukee MSA

    Property size:
    14,487 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 14,487-square-foot Walgreens located at 6101 W Greenfield Ave, West Allis, WI 53214. The property sits on a 1.54-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $380,000. The absolute NNN lease with Walgreens, a credit-rated tenant, has a remaining term of approximately 8.7 years, expiring July 31, 2033, with fifty 1-year options. Built in 2008, this single-tenant retail property benefits from its high-traffic location on West Greenfield Avenue (11,400 vehicles per day), with convenient access to major interstates I-41/I-894 (173,000 VPD) and I-94 (161,000 VPD). The property enjoys excellent visibility and proximity to numerous national retailers including Walmart, Target, Menards, ALDI, Burlington, McDonald's, and Starbucks, as well as significant population centers. The area's strong demographics include 461,663 people within a 5-mile radius, with an average household income of $80,752. Furthermore, its location near American Family Field (Milwaukee Brewers), Wisconsin State Fair Park, Milwaukee Mile Speedway, and the Clement J Zablocki Veterans Affairs Medical Center ensures consistent high traffic and visibility. The asking price is $4,750,000, translating to a price per square foot of $327.88. Seller financing is available. This is a rare opportunity to acquire a well-positioned, high-performing Walgreens property in a thriving market.

    Property Features for 6101 Greenfield Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,487 SF
    Lot Size
    67,082 SF

    Building Details

    Year Built
    2008

    HighLights

    • Milwaukee MSA location, ranked #40 nationally by population.
    • Investment‑grade tenant with S&P rating of BBB.
    • Over nine years remaining on lease, operating since 2008.
    • NNN lease; no landlord responsibilities.
    • 1.54‑acre lot.
    • Excellent highway access via I‑41/I‑894 (173,000 VPD) and I‑94 (161,000 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Allis
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.989132
    Latitude
    43.0165331

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens, Milwaukee MSA
    Where is this individual retail property located?
    The property is located at 6101 Greenfield Ave West Allis, WI.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Milwaukee MSA location, ranked #40 nationally by population.; Investment-grade tenant with S&P rating of BBB.; Over nine years remaining on lease, operating since 2008.
    Request Owner's contact information
    6101 Greenfield Ave West Allis, WI 53214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6101 Greenfield Ave West Allis, WI 53214
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