6101 W Greenfield Ave West Allis, WI 53214
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.