Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
WisconsinNet LeaseRetail

Stan Johnson Company sells Walgreens in Wisconsin for $6 million

July 22, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Stan Johnson Company has completed the sale of a single-tenant, 13,905-square-foot drugstore leased to Walgreens in Brookfield, Wisconsin.

The property is located at 15650 W. Greenfield Ave. in Brookfield. Mark Lovering and BJ Feller of Stan Johnson Company exclusively represented the seller, a developer from Waukesha, Wisconsin. The Chicago, Illinois-based buyer purchased the asset for about $6 million. The cap rate was undisclosed.

Located just 11 miles from downtown Milwaukee, the asset is strategically located in a high-traffic corridor along with many other national retailers including Starbucks, Panera Bread and a newly constructed Walmart Supercenter.

Walgreens has occupied this location for more than 20 years and recently extended its commitment for another eight. The freestanding retail pharmacy operates on a double net lease, sits on 2.42 acres and includes a drive-thru.

Tags
Brookfieldnet leaseretailStan Johnson CompanywalgreensWisconsin
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaHealthcare

Iowa’s St. Anthony Region Hospital wraps renovations on dialysis and obstetrics departments

September 27, 2023
MinnesotaHealthcare

Forte Real Estate Partners closes two leases for Minnesota healthcare providers

September 27, 2023
MichiganRetail

Marcus & Millichap closes sale of Michigan retail center anchored by Five Below, Office Depot

September 27, 2023
MinnesotaOffice

To sublease or not? That is the question

Katie TrevenaSeptember 27, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com