Walgreens 6101 W Greenfield Ave 14,490 SF Retail Building West Allis, WI 53214 $4,750,000 ($327.81/SF) 8% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Milwaukee MSA in West Allis, Wisconsin. Walgreens has been successfully operating at this location since its construction in 2008. The current lease runs through July 2033 and has options totaling ?fty years. The lease is absolute triple net presenting no landlord responsibilities. Sales at this location have increased year-over-year for the last three years. Please contact the broker for additional details.
The 14,487 square-foot building benefits from its position on West Greenfield Avenue, which experiences 11,400 vehicles per day. West Greenfield Avenue intersects with I-41/I-894 (173,000 VPD) and connects to I-94 (161,000 VPD). The subject property is located near several regional shopping centers and popular entertainment options. Nationally recognized tenants occupying surrounding centers include Walmart, Target, Menards, ALDI, Walmart, Burlington, McDonald’s, and Starbucks. The subject property is located less than 2 miles southwest of American Family Field, the stadium for the Milwaukee Brewers. It is also located less than 2 miles east of the Wisconsin State Fair Park and the Milwaukee Mile Speedway. Lastly, the property is located 1 mile southwest of the Clement J Zablocki Veterans Affairs Medical Center, which is a 637-bed, multifaceted medical facility that receives 500,000 visits annually. Walgreens is surrounded by a densely populated area. There are over 456,000 people living within a 5-mile radius, those of which earn an average household income exceeding $87,461. The property is just 4 miles southwest of Marquette University and 5 miles southwest of downtown Milwaukee.
Walgreens is a leading American retail pharmacy chain founded in 1901 by Charles R. Walgreen in Chicago, Illinois, where it continues to maintain its headquarters. Operating nearly 8,500 stores across the United States, Walgreens serves approximately 9 million customers and patients daily, offering prescription medications, health and wellness products, and general merchandise. The company has a storied history of nearly 125 years, evolving from a single drugstore to a cornerstone of American healthcare and retail. On August 28, 2025, Walgreens Boots Alliance, Inc. was acquired by New York-based private equity firm Sycamore Partners in a $10 billion deal.