Net Leased Walgreens Sold In Milwaukee Date April 9, 2026
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Walgreens property located at 2410 W Forest Home Avenue in Milwaukee, Wisconsin for $2,600,000. The 14,467-square-foot building sits on approximately 1.25 acres and was built in 2003.
The net leased Walgreens property at 2410 W Forest Home Avenue in Milwaukee, Wisconsin is situated at the signalized intersection of West Forest Home Avenue and West Lincoln Avenue. The intersection carries approximately 55,000 vehicles per day. Interstate 94 is located minutes from the property and carries approximately 141,000 vehicles per day. The property is less than 10 minutes from downtown Milwaukee, Wisconsin. More than 444,000 people live within a five-mile radius of the property in Milwaukee. The average household income within five miles is approximately $84,979. Nearby national retailers include Target, Walmart, Walgreens, Menards, Kohl’s, Ross Dress for Less, Pick ’n Save, Advance Auto Parts, Dunkin’, Culver’s, Chili’s, Sonic, Michaels, and dd’s Discounts. The Point Loomis Shopping Center anchored by Kohl’s and Ross Dress for Less is located nearby. Major traffic generators in the area include Aurora St. Luke’s Medical Center with 560 beds, Clement J. Zablocki Veterans Affairs Medical Center with 673 beds, and American Family Field, home of the Milwaukee Brewers. SE Carmen High School is also located in close proximity. Potawatomi Casino Hotel and Marquette University are nearby institutional draws. The property is positioned within the Milwaukee MSA, which is the largest metropolitan area in Wisconsin.
Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented the seller in the transaction. The seller was a Northeast-based real estate company. The buyer was a Midwest-based private investor.
The lease on the property at 2410 W Forest Home Avenue in Milwaukee, Wisconsin is absolute triple net (NNN) with zero landlord responsibilities. The Walgreens lease commenced. The lease includes ten 5-year renewal options. Rental escalations throughout the lease term are flat.
Walgreens Boots Alliance is headquartered in Deerfield, Illinois and is one of the largest pharmacy-led health and wellness companies in the world. The company was founded in Chicago in 1901 and operates thousands of retail locations across the United States. Walgreens provides prescription pharmacy services, health and wellness products, and a broad range of consumer goods through its retail stores. The company employs hundreds of thousands of people nationwide and serves millions of customers annually.
“Net leased properties with absolute NNN lease structures continue to attract strong investor demand, particularly in densely populated urban markets like Milwaukee, Wisconsin,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “This property’s location at a signalized intersection with over 55,000 vehicles per day, combined with the Walgreens guaranty and proximity to major institutions such as Aurora St. Luke’s Medical Center and American Family Field, made it a highly compelling offering.” John Feeney, Senior Vice President of The Boulder Group, noted, “The absolute triple net lease structure with zero landlord responsibilities provided the buyer with a passive investment in a market with more than 444,000 people within five miles.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $11 billion of single tenant net lease real estate transactions. From 2013–2025, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both CoStar and MSCI Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
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