Listed by SRS Real Estate Partners Chicago
$2,526,000
Walgreens - Shawano, WI
Details
APN 281751500000
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,354
Units 1
Cap Rate 8.75%
NOI $221,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 08/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 10 (5-year)
Year Built 2002
Buildings 1
Stories 1
Acreage 1.530
Parking Spaces 73 spaces
Parking per 1,000 SqFt 5.09
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
10+Yrs Abs NNN | Most Visited Pharmacy w/In 30Mi
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, top-ranking, drive-thru pharmacy equipped, Walgreens investment property located in Shawano, WI. The tenant, Walgreen Co., has 10+ years remaining with an additional 10 (5-year) option periods left to extend. The lease features a one-time 14%+ rental increase at the beginning of the first option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Investment highlights
- 10+ Years Remaining | One-Time 14% Rental Increase | Corporate Signed Lease | Top Performing Store Within 30 Miles
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Trade Area | Strong National Tenant Presence
- Located Along Green Bay Street | Centralized Location | Drive-Thru Equipped Pharmacy | Excellent Visibility & Access
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$221,000.00
$18,416.67/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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