6101 Greenfield AveWest Allis, WI 53214

Property Details for 6101 Greenfield Ave

Lot size

1.54 AC

Property type

Other commercial real estate

APN

454-0640-001

APU

4540640001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $13,900,266

  Hospitality

  $12,732,569

  Educational

  $10,593,348

  Medical

  $10,957,669

  Retail

  $16,478,541

Location Insight

City

West Allis

County

Milwaukee

State

Wisconsin

Latitude

43.0165

Longitude

-87.9886

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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