116 Military Ave Green Bay, WI 54303-3202
Property profile & analytics
116 Military Ave Green Bay, WI 54303-3202
- Drug stores
- 2.05 lot acres
Property ID
US92-3370987
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens / Cosmetic Store
- Peter Jackson / Pharmacy
- Heather Noe / Pharmacy
- Luke Vandermause / Pharmacy
- Cardtronics / Atm
Property Details for 116 Military Ave
- Lot size
- 2.05 lot acres
- Property type
- Drug stores
- APN
- 6 235-B
- APU
- 6235B
Description
This exceptional investment opportunity presents a fee-simple Walgreens located at 116 N Military Ave, Green Bay, WI 54303. The 14,409 square foot property sits on a 2.05-acre lot and boasts a strong operating history, evidenced by a recent 15-year lease extension through June 30, 2038. This absolute NNN lease provides zero landlord responsibilities and a substantial net operating income (NOI) of $240,098, resulting in a 6.75% cap rate. The property's exceptional performance is underscored by its ranking in the top 5% of all Walgreens nationwide, attracting over 551,200 visits in the past year—more than double its nearest competitor. Its prime location within three miles of Lambeau Field and a major retail corridor (6.7M SF within a three-mile radius) ensures consistent high traffic, further supported by the 23.4 million shoppers visiting nearby stores annually. Surrounding national retailers include Walmart, Sam's Club, Meijer, Menard's, and The Home Depot. Built in 2008, this Walgreens features a full-service drive-thru and benefits from high visibility along a road with over 50,000 vehicles per day and direct access to Interstate 41. The property is also part of a larger portfolio sale opportunity including four additional Walgreens locations. The asking price is $3,557,010.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,685,000
- ML approach
- $2,330,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Green Bay
- County
- Brown
- State
- Wisconsin
- Longitude
- -88.0585
- Latitude
- 44.5304
- CBSA code
- 24580
- CBSA name
- GREEN BAY, WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,570
$667,200
$1,667,200
$2,334,400
-
$0.00
$0.00
$2,626,800
