Walgreens: Mount Horeb, WI
Retail | 7.75% CAP | 14,428 SqFt
Marketing description
Walgreens is positioned with excellent access and visibility at the corner of Springdale Street (9,500 VPD) and Perimeter Road, less than a mile from US-18 (21,000 VPD) which provides direct access to downtown Madison (21.7 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 Ace Hardware, Anytime Fitness, O’Reilly Auto Parts, NAPA Auto Parts, Verizon, Miller & Son’s Supermarket (local grocer), McDonald’s, Culver’s, Pizza Hut, Subway, Martins Pizza and Aqua Shine Car Wash, to name a few.
The property is within a highly-residential area and is surrounded by more than 2,085 households within a mile, placing a significant built-in customer base within walking distance.
Walgreens is part of the Madison, WI Metropolitan Statistical Area (MSA Population: 709,339).
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