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Views: 103 DOM: 159 Updated: 11.20.24 Posted: 06.15.24 Status: Active

Summary

Price $4,410,000
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 05-01-2005
#Units 13,532
Price/SF $302.88
Expiration 05-31-2036
Tenant Type Pharmacy
NOI $308,700
R. Term 11.6
Ownership Fee Simple
Rent/SF $21.20
Increases 0.0%/0/yrs
Pop 5Mi 53,894
Lot/AC 2.52
Options 11/5yrs
AHHI 5Mi $142,627

Lease Highlights

  • Walgreens has been operating in this location since 2005
  • The tenant has 11+ years remaining on the current lease term with 11 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Main Street and WI-16, a major thoroughfare, with access to a combined daily traffic count of 32,375 vehicles. The property sits as an outparcel to a Kohl’s-anchored center and is surrounded by other well-known national tenants including Pick 'n Save, BMO Harris, Starbucks, Culver’s, McDonald’s, AutoZone, Taco...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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
2029 Total Population : 3,355 22,161 54,802
2024 Total Population : 3,343 21,407 53,523
2024 Employed Civilian Pop : 1,953 12,160 29,792
2024 Total Businesses : 112 554 1,608
2024 Average Household Income : $ 99,034 $ 144,738 $ 151,628
2024 Total Consumer Spending : $ 137 M $ 1028 M $ 2766 M
2024 Median Age : 41 43 44
2024 Total Households : 1,567 8,267 21,260
2024 Pop Age 25+: Bachelor's Degree : 718 5,296 12,849
2024 Average Home Value : $ 356,152 $ 461,368 $ 506,494
*ESRI data is presented for informational purposes only

Listing Broker

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