2410 W Forest Home Ave - Drug Store FOR SALE


Milwaukee, WI 53215- Layton Park
$3,156,522 USD
847-562-9280
2410 W Forest Home Ave, Milwaukee, WI for Sale
$3,156,522 USD
Drug Store - FOR SALE
1/8
null | 11.5% Cap Rate

2410 W Forest Home Ave
Milwaukee, WI 53215
Layton Park


HIGHLIGHTS

  • Positioned within the Milwaukee MSA
  • Absolute NNN – No landlord responsibilities
  • 76.9% of the population within one mile is Hispanic
  • Signalized intersection with 55,000+ vehicles per day
  • Over 444,000 people live within a five-mile radius
  • Proximity to several major traffic draws – Aurora St Luke’s Medical Center (560 beds), Clement J Zablocki Veterans Affairs Medical Center (673 beds)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased property located in Milwaukee, Wisconsin. The lease is absolute triple net and features no landlord responsibilities. Walgreens recently subleased the property to Carniceria La Hacienda, a Mexican grocery store and butcher shop. The 14,467 square-foot building is located at a signalized intersection with over 55,000 vehicles per day. It benefits from its proximity to Downtown Milwaukee and Interstate 94 (141,000 VPD). This is a densely populated area with more than 444,000 people living within a five-mile radius, where 76.9% of the population within a one-mile radius is Hispanic. The average household income in the area is $84,000. The property is also near major traffic draws, including Aurora St. Luke’s Medical Center (560 beds), Clement J. Zablocki Veterans Affairs Medical Center (673 beds), and American Family Field, home of the Milwaukee Brewers.

FOR SALE DETAILS

PRICE

$3,156,522 USD

PRICE/SF

$218 USD /SF

CAP RATE

11.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carniceria La Hacienda (Walgreens Sublease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

LB1

APN/PARCEL ID

470-4051-000-8

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.