Walgreens: Lake Mills, WI
Retail | 7.75% CAP | 14,844 SqFt
Marketing description
Walgreens is positioned with excellent access and visibility at the hard corner, signalized intersection of North Main Street (11,300 VPD) and East Tyranena Park Road (6,700 VPD), where it is feet from the on-ramp to Interstate 94 (40,800 VPD), which provides direct access to downtown Milwaukee (52.5 miles east). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
Investment highlights
• Walgreens is immediately surrounded by retailers like Lake Mills Market (local grocer), Anytime Fitness, Ace Hardware, McDonald’s, Culver’s, Jimmy John’s Subway, Pizza Pit, Cost Cutters, BP and Kwik Trip and a Chevrolet dearlership, to name a few.
• Additionally, the property is within a robust industrial corridor (1.4 MSF of industrial within 5-miles), championed by employers like Littelfuse, Inc., Seljan Tool Company, Inc., Aztalan Engineering, Daybreak Foods, Inc. and Fiberdome Inc. contributing to consistent local economic activity.
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