Listed by Drugstore Property Advisors
$4,175,000
9.75% CAP on 8+ Year NNN Walgreens in Affluent Suburb
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,550
Cap Rate 9.00%
NOI $407,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 02/28/2035
Remaining Term 8.6
Lease Options 50 x 1 year
Price per SqFt $287
Broker Co-Op Yes
Year Built 2010
Buildings 1
Acreage 1.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Proven Location - Strong Sales
Marketing description
This is an attractive opportunity to acquire a freestanding, absolute NNN Walgreens in Cedarburg, Wisconsin, one of the most desirable suburban communities in the Milwaukee metropolitan area. The property is located in an affluent, established trade area supported by strong household incomes and long-term demographic stability. Walgreens has operated at this location for many years and continues to generate consistent in-store sales, reinforcing the tenant’s commitment to the site. The property sits at a highly visible, signalized intersection with excellent access and strong surrounding retail synergy. The absolute NNN lease structure provides passive, bond-like income with zero landlord responsibilities.
Investment highlights
- 8+ Year NNN Walgreens in Affluent Suburb
- True NNN lease with zero landlord responsibilities
- Affluent Milwaukee suburb with $100K+ average household incomes
- Proven Walgreens location with approximately $2.75MM in average reported sales
- One of the most desirable suburban communities in the Milwaukee metro area
Listing Contacts
Listed by Drugstore Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$407,000.00
$33,916.67/mo
Valuation Metrics
0
DSCR
9.75%
Cap Rate
9.75%
ROI
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