Listed by CBRE - Madison, CBRE Atlanta, CBRE - Atlanta
$2,573,100
Walgreens: Mount Horeb, WI
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,428
Net Rentable (SqFt) 14,428
Units 1
Cap Rate 7.75%
NOI $199,412
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 06/30/2038
Remaining Term 11.9
Rent Bumps No
Lease Options Eleven, 5-Year Options
Price per SqFt $178
Year Built 2008
Buildings 1
Stories 1
Acreage 1.990
Parking Spaces 53 spaces
Parking per 1,000 SqFt 3.67
Investment Type Net Lease
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 ±12.0 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).
Listing Contacts
Listed by CBRE - Madison, CBRE Atlanta, CBRE - Atlanta
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
$199,412.00
$16,617.67/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
