Walgreens 9527 S 27th St 15,120 SF Retail Building Franklin, WI 53132 $3,517,518 ($232.64/SF) 8.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Franklin, Wisconsin within the Milwaukee MSA. Walgreens has operated successfully at this location for more than 25 years and, in 2020, extended its long-term lease through November 2030, demonstrating commitment to the site. The lease also carries ten 5-year renewal options.
The 15,120-square-foot building sits on a large 2+ acre lot at the signalized hard corner of West Ryan Road and South 27th Street, with 43,000+ combined vehicles per day. The property benefits from direct access to Interstate 41 (124,000 vehicles per day) and is less than 10 miles from General Mitchell International Airport. Walgreens is surrounded by a diverse mix of retail and industrial tenants, including Amazon, ALDI (distribution), Pick ‘n Save, Love’s, Pilot Travel Center, Starbucks, McDonald’s, FedEx Freight, and GE Healthcare. Franklin is among the fastest-growing communities in Milwaukee County, having expanded approximately 10 percent over the past decade as families are drawn to its newer housing and highway access. The surrounding trade area is notably affluent, with average household income exceeding $135,000 within one mile of the property. More than 92,000 residents live within a five-mile radius, and all three demographic rings post six-figure median household incomes.
Founded in 1901 and headquartered in Deerfield, Illinois, Walgreens (Walgreen Co.) is one of the largest retail pharmacy chains in the United States, operating approximately 8,000 stores across the United States and Puerto Rico. The company provides prescription and specialty pharmacy services, health and wellness products, and general retail merchandise, and has long served as a neighborhood anchor for community health needs. Formerly the U.S. flagship of publicly traded Walgreens Boots Alliance, Inc. (previously Nasdaq: WBA), the company was taken private in August 2025 through its acquisition by private equity firm Sycamore Partners.