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Views: 88 DOM: 118 Updated: 10.01.24 Posted: 06.15.24 Status: Active

Summary

Price $3,965,000
Built/Renov 1998
Tenant Walgreens
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 13,905
Lease Start 06-01-1998
#Units 13,532
Price/SF $285.15
Expiration 05-31-2039
Tenant Type Pharmacy
NOI $277,405
R. Term 14.7
Ownership Fee Simple
Rent/SF $19.95
Increases 0.0%/0/yrs
Pop 5Mi 69,388
Lot/AC 1.44
Options 7/5yrs
AHHI 5Mi $84,773

Lease Highlights

  • Walgreens has been operating in this location since 1998
  • The tenant has 14+ years remaining on the current lease term with 7 (5-year) options to extend
  • Corporate guarantee (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located at the signalized hard corner intersection of Milton Ave and Black Bridge Rd, with access to a combined daily traffic count of 32,900 vehicles. The property is about one mile south of Uptown Janesville Shopping Mall, the largest enclosed shopping venue in Rock County, boasting over 7 million shoppers annually. The mall features well-known national brand...

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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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Listing Broker

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