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Views: 80 DOM: 126 Updated: 10.01.24 Posted: 07.18.24 Status: Active

Summary

Price $3,675,000
Built/Renov 1990
Tenant Walgreens
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 13,905
Lease Start 04-01-2004
#Units 13,532
Price/SF $264.29
Expiration 07-31-2039
Tenant Type Pharmacy
NOI $257,242
R. Term 14.8
Ownership Fee Simple
Rent/SF $18.50
Increases 0.0%/0/yrs
Pop 5Mi 183,903
Lot/AC 1.73
Options 7/5yrs
AHHI 5Mi $103,847

Lease Highlights

  • Walgreens has been operating in this location for 20 years | Top performing store
  • The tenant has 14+ years remaining on the current lease term with 7 (5-year) options to extend
  • Outstanding reported sales of $4.5M+
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of S Fish Hatchery Rd and McKee Rd, two primary thoroughfares, with access to a combined daily traffic count of 37,108 vehicles. The property is less than 4.5 miles south of the University of Wisconsin-Madison, the state's flagship university with a student enrollment exceeding 49,886 and employing 24,000 staff...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 10,284 58,041 189,116
2024 Total Population : 9,945 56,754 183,829
2024 Employed Civilian Pop : 5,575 34,124 107,660
2024 Total Businesses : 369 2,516 8,753
2024 Average Household Income : $ 140,211 $ 122,825 $ 112,160
2024 Total Consumer Spending : $ 518 M $ 2695 M $ 7865 M
2024 Median Age : 37 35 30
2024 Total Households : 4,227 24,921 79,443
2024 Pop Age 25+: Bachelor's Degree : 2,327 13,332 39,260
2024 Average Home Value : $ 513,946 $ 475,060 $ 482,205
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
McKee Rd Capitol City State Trl 2018 20,000 0.04 mi
Fish Hatchery Rd Brendan Ave 2018 19,200 0.05 mi
Cahill Main Caddis Bnd 2003 7,900 0.19 mi
Longford Ter Barrington Hills Ct 2008 2,200 0.49 mi
Longford Ter Edenberry St 2009 2,000 0.65 mi
Richardson St Claredon Dr 2009 3,900 0.69 mi
E Cheryl Pkwy Research PkDr 2007 4,943 0.71 mi
Cheryl Dr Lyman Ln 2009 2,300 0.72 mi
Post Rd Churchill Dr 2009 4,800 0.79 mi
E Cheryl Pkwy Woods Hollow Rd 2004 3,134 0.80 mi

Listing Broker

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