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29715742
29727522

S70W15775 W Janesville Rd, Muskego, WI 53150 For Sale

MM
CA CA 00912472, CA CA 01206736
May Realty Advisors
RH
CA 01956167
May Realty Advisors
Listed by May Realty Advisors
$3,583,000
156 days on market
Updated 68 days ago

S70W15775 W Janesville Rd

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,799
Cap Rate 7.45%
NOI $266,760
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 9
Lease Expiration 08/30/2035
Remaining Term 9
Price per SqFt $242
Year Built 2007
Acreage 1.980
Tenant Credit Corporate Guarantee
Lease Commencement 08/25/2022

Established Walgreens in a great Midwest city, 9yrs remaining, 2 acre parcel

Marketing description

We are pleased to exclusively offer for sale the +/- 14,799 SF Walgreens for sale located at S70W15775 W Janesville Rd in Muskego, WI 53150. The property is positioned on the southeast corner of Sandalwood and Janesville with strong visibility and convenient access along a primary retail corridor. Walgreens operates as an essential, daily-needs retailer, supporting consistent customer traffic and long-term real estate relevance.

The property sits at a four-corner intersection with strong access on all four corners and exceptional visibility along Janesville Rd & Mooreland Road. Combined traffic counts exceed 89,000 vehicles per day, supporting consistent daily-needs demand. This irreplaceable corner positioning and sustained traffic exposure strengthen long-term residual value and downside protection.

As drugstores such as Rite Aid, who went out of business, has benefited the remaining national drugstore chains such as Walgreens and CVS thereby increasing their sales accordingly and increasing an investor’s risk adjusted return.

Investment highlights

  • Walgreens Essential Retail Tenant with National Brand Recognition - Walgreens a private company, owned by Sycamore Partners is a leading retail pharmacy operator with a large national footprint and daily-needs demand.

  • Freestanding - 14,799+- SF Building - Single-tenant layout with strong curb appeal and clear site identity.

  • Hard-Corner Visibility - Located at the southeast corner of Sandalwood Dr and W Janesville Rd, providing prominent frontage and strong visibility along one of Muskego’s primary retail corridors.

  • Wealthy Trade Area - Positioned within a high-income suburban market that supports consistent demand for pharmacy, health, and essential convenience retail.

  • Hands-Off Lease Structure - Triple-net lease with tenant responsibilities designed to support a passive ownership profile. The Walgreens has 9+ years remaining on current term

  • Long-Term Value Opportunity - Oversized parcel provides abundant parking and long-term optionality, including the potential for extensive future redevelopment.

  • Sits on a substantial 2.87 acres of land (125,017.2 sqft) which equates to 12% coverage. Therefore there is potential to add additional square footage, subject to existing leases. Great value add opportunity and reduced risk!

Listing Contacts

MM
CA CA 00912472, CA CA 01206736
May Realty Advisors
RH
CA 01956167
May Realty Advisors
Listed by May Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$266,760.00
$22,230.00/mo

Valuation Metrics

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DSCR
7.45%
Cap Rate
7.45%
ROI

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