Listed by Northmarq - Chicago
$3,211,765
Walgreens
Details
APN 30 26 74 10
Property Type Retail
Sub Type Storefront
Square Footage 13,650
Cap Rate 8.5%
NOI $273,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 08/31/2036
Lease Options View OM for Details
Year Built 2011
Buildings 1
Acreage 1.340
Investment Type Net Lease
Lease Commencement 09/01/2011
Retail | 8.50% CAP | 13,650 SqFt
Marketing description
Northmarq is pleased to present for sale the exclusive single-tenant Walgreens located at 201 S Main Street, Clintonville, Wisconsin. The Property is secured by a nationally recognized tenant and is operated under a long-term absolute NNN lease, providing investors with a truly passive ownership structure with zero landlord responsibilities.
Investment highlights
- Long-Term, Absolute NNN Lease - Long-term, absolute NNN lease with no landlord responsibilities.
- Prime Signalized Hard Corner with Strong Visibility and Access - The property is located at the signalized intersection of Main Street and Madison Street, providing excellent visibility, frontage, and accessibility.
- Long-Term Tenancy - Walgreens has operated at this location for nearly 15 years, demonstrating a sustained presence within the Clintonville trade area.
- Functional Site with Drive-Thru - The property features a drive-thru pharmacy, a critical component of Walgreens' operating model.
- Nationally Recognized Essential Retail Tenant - Walgreens is one of the largest pharmacy chains in the U.S., operating thousands of locations nationwide.
- Surrounding Outdoor Recreation - The property benefits from proximity to numerous outdoor recreational destinations.
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$273,000.00
$22,750.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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