Walgreens

N168W 21330 Main Street, Jackson, WI 53037

$3,301,904

Cap Rate 6.25%

Views: 30 DOM: 70 Updated: 05.03.24 Posted: 03.08.24 Status: Active

Summary

Price $3,301,904	Built/Renov 2008	Tenant Walgreens
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 14,765	Lease Start 06-03-2023	#Units 8,896
Price/SF $223.63	Expiration 06-30-2038	Tenant Type Pharmacy
NOI $206,369	R. Term 14.1	Ownership Fee Simple
Rent/SF $13.98	Increases 0.0%/0/yrs	Pop 5Mi 22,373
Lot/AC 2.57	Options 10/5yrs	AHHI 5Mi $116,318

Lease Highlights

Walgreens has 14+ years remaining on the current lease term with 10 (5-year) options to extend
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease (NASDAQ: WBA)
Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of State Route 60/Main St and Industrial Drive, with access to a combined daily traffic count of 15,700 vehicles. The property is also located several blocks east of US Highway 45, which sees a traffic count of 36,900 VPD. Industrial tenants such as Rytec, Willer Tool, and Sysco are in close proximity. Additionally,...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Recently extended lease
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Investment grade tenant

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Links

Walgreens Wikipedia Walgreens Wikipedia Jackson, Wisconsin Zip Code 53037 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:8,896
Tenant S&P: BBB-
Moody’s: Baa2
Stock: NASDAQ: WBA

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,985	11,090	22,901
2023 Total Population :	5,791	10,779	22,373
2023 Employed Civilian Pop :	2,972	5,678	11,974
2023 Total Businesses :	221	389	883
2023 Average Household Income :	$ 101,487	$ 109,865	$ 116,318
2023 Total Consumer Spending :	$ 224 M	$ 433 M	$ 902 M
2023 Median Age :	43	43	43
2023 Total Households :	2,584	4,607	9,109
2023 Pop Age 25+: Bachelor's Degree :	947	1,965	4,031
2023 Average Home Value :	$ 334,938	$ 362,603	$ 394,642

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Industrial Dr	Meadow Ln	2010	2,100	0.04 mi
Industrial Drive	Tower Dr	2019	1,700	0.15 mi
Tower Dr	Industrial Dr	2002	350	0.27 mi
Main St	Hwy 60	2019	14,500	0.32 mi
N Center St	Main St	2002	240	0.34 mi
Main St	S Center St	2019	12,800	0.47 mi
Main St	Hwy 60	2019	15,700	0.56 mi
Old US Hwy 45	Sylvester Cir	2019	4,600	0.56 mi
Old US Hwy 45	Cth P	2019	2,700	0.56 mi
US Hwy 45	Main St	2019	4,200	0.60 mi

Listing Broker

Randy Blankstein

The Boulder Group

Contact

138 Listings
5945 Views
46 Sold

Jimmy Goodman

The Boulder Group

Contact

146 Listings
6494 Views
46 Sold

Randy Blankstein

President of The Boulder Group, Blankstein is a senior commercial real estate executive with over 30 years of experience focused on advisory services in the single tenant net lease sector. Led The Boulder Group to a top 10 company national ranking for single tenant retail transactions by both CoStar and Real Capital Analytics from 2010-2021. Founded and managed net leased companies on both the advisory and principal sides that have been involved in over $7 billion in single tenant transaction

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Jimmy Goodman

Goodman is a partner at The Boulder Group, with over 15 years of experience in the investment real estate sector. His career began at PricewaterhouseCoopers in 2001 and afterward, he has been solely focused on investment real estate. He has been featured in multiple publications including Globe Street, Commercial Property Executive, Real Estate Forum and was a featured speaker at Real Share’s Net Lease Conference. He is a member of the International Council of Shopping Centers and received a Ba

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