Walgreens
STRONG STORE SALES REPORTED | ABSOLUTE NET LEASE | ZERO COMPETITION
Marketing description
The Walgreens property in Woodruff, WI, is a prime investment opportunity featuring a 14,460 SF freestanding building on a 1.99-acre lot. The property operates under an absolute net lease, offering a passive income stream with no landlord responsibilities. The lease, backed by Walgreens Co., has over six years remaining in its initial 25-year term, with ten five-year renewal options. Strategically located at a high-visibility intersection with over 23,907 daily traffic counts, the property benefits from zero nearby drugstore competition (the nearest CVS, Walgreens, or Rite Aid is over 80 miles away) and proximity to Howard Young Medical Center, a 24-hour emergency facility. Surrounded by prominent retailers like Walmart and Culver's and situated in an affluent community with an average household income exceeding $89,482 within a 1-mile radius, the property also draws from Woodruff's vibrant tourism industry as the heart of Wisconsin's Northwoods. Built in 2006 with a prototypical design that includes a drive-thru, the property combines strong reported sales with a highly desirable location, ensuring stability and reliability for investors.
Investment highlights
Zero Drug Store Competition: Nearest CVS, Walgreens, or Rite Aid is over 80 miles away
Strong Reported Store Sales: Subject site is performing at high level for corporate
Absolute Net Lease: No landlord responsibilities required
Corporate-Guaranteed Lease: Backed by Walgreens Co., ensuring stability and reliability
Prime Building Size and Lot: 14,460 square feet situated on a 1.99-acre lot
Prototypical Freestanding Design: Features a drive-thru for added convenience
Affluent Community: Average household income exceeds $89,482 within a 1-mile radius
High Traffic Visibility: Combined traffic counts at the intersection surpass 23,907 vehicles per day
Strategic Location: Located near Howard Young Medical Center, a 24-hour emergency facility (99 Beds)
Prominent Neighboring Retailers: Includes Walmart Supercenter, Culver's, Advance Auto Parts, and others
Tourism Hub: Woodruff serves as the heart of a thriving tourist industry, offering diverse accommodations, attractions, and year-round outdoor recreational opportunities
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