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3109 S Kinnickinnic Ave
Milwaukee, WI 53207
Walgreens · Retail Property For Sale
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
$2,667,840
Price Per SF
$283.51
Cap Rate
6.25%
NOI
$166,740
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
PROPERTY TAXES
| Parcel Number | 540-0801-110-1 | Improvements Assessment | $1,102,200 |
| Land Assessment | $195,300 | Total Assessment | $1,297,500 |
PROPERTY TAXES
Parcel Number
540-0801-110-1
Land Assessment
$195,300
Improvements Assessment
$1,102,200
Total Assessment
$1,297,500
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