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Views: 84 DOM: 138 Updated: 10.24.24 Posted: 07.18.24 Status: Active

Summary

Price $4,360,000
Built/Renov 2007
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 15,120
Lease Start 09-01-2007
#Units 13,532
Price/SF $288.36
Expiration 07-31-2039
Tenant Type Pharmacy
NOI $305,000
R. Term 14.8
Ownership Fee Simple
Rent/SF $20.17
Increases 0.0%/0/yrs
Pop 5Mi 10,641
Lot/AC 1.79
Options 10/5yrs
AHHI 5Mi $82,843

Lease Highlights

  • Top performing store with 17+ years of proven occupancy
  • The tenant has 14+ years remaining on the current lease term with 10 (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 State Hwy 13 and 1-90 Alt, with access to a combined daily count of 41,901 vehicles. The property is situated in close proximity to well-known national tenants including McDonald’s, Starbucks, Culver’s, Kwik Trip, and IHOP, and more. Additionally it is less than 1 mile east of the on/off ramps for Interstate 90,...

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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 : 1,364 7,151 11,104
2024 Total Population : 1,339 6,981 10,877
2024 Employed Civilian Pop : 734 4,194 6,338
2024 Total Businesses : 242 671 909
2024 Average Household Income : $ 81,517 $ 80,205 $ 85,482
2024 Total Consumer Spending : $ 44 M $ 219 M $ 353 M
2024 Median Age : 40 41 42
2024 Total Households : 616 3,104 4,684
2024 Pop Age 25+: Bachelor's Degree : 151 803 1,300
2024 Average Home Value : $ 319,684 $ 309,281 $ 334,202
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wisconsin Dells Parkway North Hwy 13 2021 18,800 0.15 mi
Hwy 12 2021 10,600 0.19 mi
US Highway 12 & State Highway 16 Stand Rock Rd 2021 5,100 0.24 mi
Broadway Street Finnegan Ave 2021 21,800 0.41 mi
Old US Hwy 16 Clara Ave 2014 2,700 0.43 mi
Clara Ave 2021 6,200 0.46 mi
US Hwy 12 Old Newport Rd 2017 7,300 0.49 mi
La Crosse Street Eddy St 2021 1,600 0.49 mi
Broadway Capital St 2021 21,200 0.52 mi
Superior Street Washington Ave 2021 1,600 0.59 mi

Listing Broker

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