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Views: 60 DOM: 85 Updated: 07.26.24 Posted: 06.15.24 Status: Active

Summary

Price $4,750,000
Built/Renov 2005
Tenant Walgreens
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 05-01-2005
#Units 13,532
Price/SF $326.24
Expiration 05-31-2036
Tenant Type Pharmacy
NOI $308,700
R. Term 11.8
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 | 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

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:13,532
  • 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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Listing Broker

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