9527 S 27th St - Drug Store FOR SALE


Franklin, WI 53132
$3,518,000 USD
872-256-1031
9527 S 27th St, Franklin, WI for Sale
$3,518,000 USD
Drug Store - FOR SALE
1/3
null | 8.5% Cap Rate

9527 S 27th St
Franklin, WI 53132


HIGHLIGHTS

  • Located just 15 minutes south of downtown Milwaukee, 1.5 hours north of downtown Chicago, 1 hour north of O'Hare Int. Airport (4th busiest).
  • Signalized intersection with 35,000+ vehicles per day and 1/2 mile from a full interchange with I-41 (107,5450 VPD).
  • Franklin is one of Milwaukee’s most affluent suburbs, with population growth of 7.9% over the past 5 years.
  • Less than 1 mile from the Ascension Wisconsin Hospital and the Yaskawa America (1,500 employees) headquarters with an $180M investment in a new campus
  • Milwaukee is the 39th largest metropolitan area in the United Sates with a population of over 1.57 million people.
  • Average household income is $129,000 – 70% higher than the Milwaukee MSA average – providing strong consumer spending power for retail tenants.

OVERVIEW

This Walgreens is a premier net lease investment located at a high-visibility signalized intersection in Franklin, WI, just 15 minutes south of downtown Milwaukee. The property benefits from strong traffic counts of over 33,000 VPD, immediate access to I-41 (107,450 VPD), and close proximity to O’Hare International Airport, one of the busiest in the U.S. Franklin is among Milwaukee’s most affluent and fastest-growing suburbs, with average household incomes 70% higher than the MSA average, supporting strong retail spending power. The site sits less than one mile from Ascension Wisconsin Hospital, reinforcing consistent daily consumer demand, and within 1 mile of Yaskawa America’s headquarters, where a $180 million expansion will create 700+ jobs. Walgreens, a Fortune 500 company with over 8,000 locations nationwide, provides an investment-grade corporate guarantee, ensuring stable long-term income. Overall, this asset offers investors a secure, passive income stream in a thriving and growing suburban market.

FOR SALE DETAILS

PRICE

$3,518,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

-

APN/PARCEL ID

902-9964-002

ASK ABOUT THIS PROPERTY

Patrick ForkinMatthews Real Estate Investment ServicesMore Info
872-256-1031

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Patrick ForkinMatthews Real Estate Investment ServicesMore Info
872-256-1031

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