www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27149530
27149449

1203 W Fond Du Lac St, Ripon, WI 54971

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$2,750,000
187 days on market
Updated 63 days ago

8+ Cap - $3.4MM Estimated Sales (Per Placer.ai) - Low Rent

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,890
Net Rentable (SqFt) 14,890
Units 1
Cap Rate 8%
NOI $220,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 05/30/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 12, 5-Year
Broker Co-Op Yes
Class A
Year Built 2004
Acreage 2.750
Parking Spaces 71 spaces
Parking Per SqFt 4.77
Investment Type Net Lease
Lease Commencement 05/09/2022
Ground Lease No
Ownership Fee Simple

5% Rent Increase In 2027- Zero Competition - Low Price Point

Investment highlights

Lease Term —- Walgreens has Over 11.5 Years Remaining on the Base Term of the Lease with Rare 5% Rent Increases in the Base Term and Each Option as a Hedge Against Inflation Providing Investor Security

Upcoming Rent Increase —- Walgreens has a 5% Rent Increase in 1.5 Years (2027) Providing Immediate Upside and Additional Yield to an Already High Yield Investor Opportunity

Passive Income —- Absolute NNN Leased Walgreens With Low Rent and No Landlord Responsibilities Located at the Heavily Trafficked Signalized Intersection of W Fond Du Lac Street and Westgate Drive with More Than 6,800 Vehicles Passing Daily

Active Retail Corridor —- Subject Property is Surrounded by Many of the Nation’s Most Successful Retailers Including Hy-Vee Grocery, Theisen’s Home Farm Auto, KFC, Dollar Tree, O’Reilly Auto, McDonald’s, Culver’s, and More

Limited Competition —- This Location Benefits from Being the Only Walgreens or CVS within a 20-Mile Radius Providing Long Term Customer Stability and Strong Sales

Listing Contacts

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$220,000.00
$18,333.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Todd Lindblom
License
WI 56163
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591