6101 W Greenfield Ave - Drug Store FOR SALE


West Allis, WI 53214- Wauwatosa/West Allis
$4,750,000 USD
847-664-9557
6101 W Greenfield Ave, West Allis, WI for Sale
$4,750,000 USD
Drug Store - FOR SALE
1/2
null | 8% Cap Rate

6101 W Greenfield Ave
West Allis, WI 53214
Wauwatosa/West Allis


HIGHLIGHTS

  • Positioned within the Milwaukee MSA – Ranked #40 in the United States for population size
  • Store sales have increased year-over-year for the last three years
  • Over 7 years remaining on lease with operating history since 2008
  • NNN – No landlord responsibilities
  • Situated on a 1.54-acre lot
  • Nearby national retailers include Walmart, Target, Menards, ALDI, Walmart, Burlington, McDonald’s, & Starbucks

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Milwaukee MSA in West Allis, Wisconsin. Walgreens has been successfully operating at this location since its construction in 2008. The current lease runs through July 2033 and has options totaling ?fty years. The lease is absolute triple net presenting no landlord responsibilities. Sales at this location have increased year-over-year for the last three years. Please contact the broker for additional details. The 14,487 square-foot building benefits from its position on West Greenfield Avenue, which experiences 11,400 vehicles per day. West Greenfield Avenue intersects with I-41/I-894 (173,000 VPD) and connects to I-94 (161,000 VPD). The subject property is located near several regional shopping centers and popular entertainment options. Nationally recognized tenants occupying surrounding centers include Walmart, Target, Menards, ALDI, Walmart, Burlington, McDonald’s, and Starbucks. The subject property is located less than 2 miles southwest of American Family Field, the stadium for the Milwaukee Brewers. It is also located less than 2 miles east of the Wisconsin State Fair Park and the Milwaukee Mile Speedway. Lastly, the property is located 1 mile southwest of the Clement J Zablocki Veterans Affairs Medical Center, which is a 637-bed, multifaceted medical facility that receives 500,000 visits annually. Walgreens is surrounded by a densely populated area. There are over 456,000 people living within a 5-mile radius, those of which earn an average household income exceeding $87,461. The property is just 4 miles southwest of Marquette University and 5 miles southwest of downtown Milwaukee. Walgreens is a leading American retail pharmacy chain founded in 1901 by Charles R. Walgreen in Chicago, Illinois, where it continues to maintain its headquarters. Operating nearly 8,500 stores across the United States, Walgreens serves approximately 9 million customers and patients daily, offering prescription medications, health and wellness products, and general merchandise. The company has a storied history of nearly 125 years, evolving from a single drugstore to a cornerstone of American healthcare and retail. On August 28, 2025, Walgreens Boots Alliance, Inc. was acquired by New York-based private equity firm Sycamore Partners in a $10 billion deal.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

Commercial

APN/PARCEL ID

454-0640-001

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-664-9557

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

John FeeneyThe Boulder GroupMore Info
847-664-9557

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