Aurora Health Care 6901 W Edgerton Ave 37,500 SF Office Building Greenfield, WI 53220 $11,260,000 ($300.27/SF) 7.65% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Aurora Health Care property located in Greenfield, Wisconsin, within the Milwaukee MSA. Aurora Health Care has operated at this location since 2005 and has executed multiple lease extensions, most recently exercising its first renewal option, a strong indication of long-term commitment to the site. The lease is absolute triple net, leaving zero landlord responsibilities, and features 2% annual rental escalations throughout the remaining term. The lease contains two five-year renewal options, and is backed by a corporate guaranty from Aurora Health Care, Inc. This location operates as a comprehensive outpatient medical campus, offering primary and family medicine, urgent care, outpatient surgery, pharmacy services, and several specialty practices.
This site is one of Aurora’s busiest outpatient locations in the southern Milwaukee submarket, drawing consistent patient demand from a densely populated and affluent trade area. Its strategic value to Aurora is further reinforced by its proximity to other Aurora facilities, including Aurora West Allis Medical Center and Aurora St. Luke’s Medical Center, allowing the Greenfield campus to serve as a critical outpatient feeder within Aurora’s integrated southeastern Wisconsin care network.
The 37,500 square-foot property is strategically positioned just one half mile from Southridge Mall, a 1.1+ million square-foot regional center that ranks as Wisconsin’s second-largest mall and is anchored by Macy’s, JCPenney, Dick’s Sporting Goods, and TJ Maxx. The site is located within the S. 76th Street/Edgerton Avenue corridor, one of southeastern Wisconsin’s most active retail trade areas. The property also enjoys frontage on West Edgerton Avenue with convenient proximity to I-41 (148,000 VPD). There are 282,000+ residents within a five-mile radius, with average household income exceeding $99,000 within three miles.
Aurora Health Care is a not-for-profit integrated health care system that has served communities in eastern Wisconsin and northern Illinois since its founding in 1984 through the merger of St. Luke’s Medical Center and Good Samaritan Medical Center in Milwaukee. It grew into a major regional provider before merging with Illinois-based Advocate Health Care in 2018 to form Advocate Aurora Health and subsequently combining with Atrium Health in 2022 to create Advocate Health, now the third-largest nonprofit integrated health system in the United States. Operating under the Aurora Health Care brand, it delivers comprehensive patient-centered care through 18 hospitals, more than 150 clinics, and 70 pharmacies across 30 communities, supported by thousands of physicians and nurses focused on high-quality services including primary care, specialty medicine, emergency care, and wellness programs.