Walgreens leases some Milwaukee properties for decades, even when a store closes

Several Walgreens sites in Milwaukee — including closed stores — are under rental agreements that prohibit other pharmacies or certain other businesses from opening in those locations without the company’s permission.

Some of those terms last for decades. That’s according to reporting from the Milwaukee Journal Sentinel.

In October 2024, Walgreens announced it would be closing 1,200 stores nationally over three years, in the face of low drug reimbursement rates and slower consumer spending…

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