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6101 Greenfield Ave West Allis, WI 53214

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For Sale
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High-yield Walgreens, Milwaukee MSA

Property size:
14,487 SF

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

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Listing Contact
Randy Blankstein
Randy Blankstein

Listing Agency: The Boulder Group Listing Agent: Randy Blankstein

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

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.
(847) 562-0003 Call to check price and availability
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