116 Military Ave Green Bay, WI 54303-3202

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.

Location Insight

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