Location Description
Walgreens is strategically located at the signalized, hard corner intersection of Oakland Avenue and Locust Street, averaging a combined 35,500 vehicles passing by daily. The asset benefits from direct access onto State Highway 32 (19,500 VPD), State Highway 190 (38,700 VPD), and Interstate 43 (148,000 VPD), providing direct access across the Milwaukee MSA. Walgreens is ideally situated within...
Walgreens is strategically located at the signalized, hard corner intersection of Oakland Avenue and Locust Street, averaging a combined 35,500 vehicles passing by daily. The asset benefits from direct access onto State Highway 32 (19,500 VPD), State Highway 190 (38,700 VPD), and Interstate 43 (148,000 VPD), providing direct access across the Milwaukee MSA. Walgreens is ideally situated within a dense retail corridor with numerous surrounding national/credit tenants including Whole Foods Market, Walmart Supercenter, ALDI, Sherwin-Williams, Pick ‘n Save, and Cousins Subs, among many others. In addition, the subject is 0.5 miles southwest of the University of Wisconsin-Milwaukee, a public, four-year, research university with over 23,000 students and 7,300 faculty members. Walgreens is also a quick 5-minute drive to Ascension Columbia St. Mary’s Hospital, a 394-bed tertiary care hospital. Furthermore, the subject property is near numerous single-family communities and multi-family complexes providing a direct residential consumer base. The 5-mile trade area is supported by over 304,300 residents and 194,800 daytime employees, with a healthy average household income of $86,859. Milwaukee is the largest city in Wisconsin. It is the main cultural and economic center of the combined population of 2.04M for the Milwaukee-Racine-Waukesha metropolitan area. The subject property is located 3 miles from downtown Milwaukee.
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