Walgreens
Retail | 6.25% CAP | 9,410 SqFt
Marketing description
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.
Investment highlights
Strong Corporate Guarantee | The subject property's lease is backed by Walgreens Boots Alliance, now owned by Sycamore Partners, a global private equity firm. As one of the world’s largest and most established pharmacy retailers, Walgreens continues to provide investors with long-term security and strong credit-backed stability under its new ownership structure.
Absolute NNN Lease with Rental Growth | The lease features an absolute triple-net structure with zero landlord responsibilities, as Walgreens is responsible for taxes, insurance, and all maintenance. Additionally, 5% rental increases every 5 years provide investors with passive income, long-term cash flow growth, and a natural hedge against inflation.
Robust Traffic Counts | The site benefits from being stationed directly on the intersection of S Kinnickinnic Ave & E Oklahoma Ave, which see approximately 15,000 and 13,000 cars each day, respectively.
Premier National Tenants in the Immediate Area | The property enjoys strong foot traffic thanks to its position within a vibrant retail corridor. Surrounding the site are several nationally recognized tenants, including Target, Chick-fil-A, Starbucks, Buffalo Wild Wings, and Olive Garden, which draw consistent customer activity to the area.
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