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Carniceria La Hacienda (Walgreens Sublease) 2410 W Forest Home Ave 14,467 SF Retail Building Milwaukee, WI 53215 $3,156,522 ($218.19/SF) 11.50% Cap Rate
Investment Highlights
- Positioned within the Milwaukee MSA
- 76.9% of the population within one mile is Hispanic
- Over 444,000 people live within a five-mile radius
- Absolute NNN – No landlord responsibilities
- Signalized intersection with 55,000+ vehicles per day
- Proximity to several major traffic draws – Aurora St Luke’s Medical Center (560 beds), Clement J Zablocki Veterans Affairs Medical Center (673 beds)
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased property located in Milwaukee, Wisconsin. The lease is absolute triple net and features no landlord responsibilities. Walgreens recently subleased the property to Carniceria La Hacienda, a Mexican grocery store and butcher shop.
The 14,467 square-foot building is located at a signalized intersection with over 55,000 vehicles per day. It benefits from its proximity to Downtown Milwaukee and Interstate 94 (141,000 VPD). This is a densely populated area with more than 444,000 people living within a five-mile radius, where 76.9% of the population within a one-mile radius is Hispanic. The average household income in the area is $84,000. The property is also near major traffic draws, including Aurora St. Luke’s Medical Center (560 beds), Clement J. Zablocki Veterans Affairs Medical Center (673 beds), and American Family Field, home of the Milwaukee Brewers.
The 14,467 square-foot building is located at a signalized intersection with over 55,000 vehicles per day. It benefits from its proximity to Downtown Milwaukee and Interstate 94 (141,000 VPD). This is a densely populated area with more than 444,000 people living within a five-mile radius, where 76.9% of the population within a one-mile radius is Hispanic. The average household income in the area is $84,000. The property is also near major traffic draws, including Aurora St. Luke’s Medical Center (560 beds), Clement J. Zablocki Veterans Affairs Medical Center (673 beds), and American Family Field, home of the Milwaukee Brewers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,467 SF
Building Class
B
Year Built
2003
Price
$3,156,522
Price Per SF
$218.19
Cap Rate
11.50%
NOI
$363,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.25 AC
Zoning
LB1
Parking
52 Spaces (3.57 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Carniceria La Hacienda
- -
- -
- -
- -
- Walgreens
- -
- -
- -
- Sep 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Carniceria La Hacienda | - | - | - | - | ||
| Walgreens | - | - | - | Sep 2028 |
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 470-4051-000-8 | Improvements Assessment | $1,901,200 |
| Land Assessment | $489,500 | Total Assessment | $2,390,700 |
Property Taxes
Parcel Number
470-4051-000-8
Land Assessment
$489,500
Improvements Assessment
$1,901,200
Total Assessment
$2,390,700
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Carniceria La Hacienda (Walgreens Sublease) | 2410 W Forest Home Ave
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