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Walgreens 3109 S Kinnickinnic Ave 9,410 SF Retail Building Milwaukee, WI 53207 $3,664,865 CAD ($389.46 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Robust Traffic Counts
- Absolute NNN Lease with Rental Growth
- Premier National Tenants in the Immediate Area
Executive Summary
Bang Realty is pleased to present the exclusive listing for a Walgreens located at 3109 S Kinnickinnic Ave, Milwaukee, WI. The site consists of roughly 9,410 rentable square feet of building space on an estimated 0.63-acre parcel of land. The current annual rent is $166,740 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,410 SF
Building Class
C
Year Built
1995
Price
$3,664,865 CAD
Price Per SF
$389.46 CAD
Cap Rate
6.25%
NOI
$229,054 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.34
Lot Size
0.63 AC
Zoning
LB2 - Light Business
Frontage
171’ on Kinnickinnic Avenue
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 540-0801-110-1 | Improvements Assessment | $1,514,114 CAD |
| Land Assessment | $268,288 CAD | Total Assessment | $1,782,402 CAD |
Property Taxes
Parcel Number
540-0801-110-1
Land Assessment
$268,288 CAD
Improvements Assessment
$1,514,114 CAD
Total Assessment
$1,782,402 CAD
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Walgreens | 3109 S Kinnickinnic Ave
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