1041 W Main St - Freestanding FOR SALE


Whitewater, WI 53190
$3,411,203 USD
847-562-9280
1041 W Main St, Whitewater, WI for Sale
$3,411,203 USD
Freestanding - FOR SALE
1/4
null | 6.65% Cap Rate

1041 W Main St
Whitewater, WI 53190


HIGHLIGHTS

  • Positioned within the Milwaukee MSA
  • 5% rent increases throughout the primary term and options
  • NNN – No landlord responsibilities
  • Long term lease through November 2038
  • Established operating history spanning multiple decades
  • College town – across from the University of Wisconsin – Whitewater (11,700+ students)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Whitewater, Wisconsin within the Milwaukee MSA. Walgreens has an established operating history at this location that spans multiple decades. Walgreens recently completed a long-term lease extension through November 2038 demonstrating their commitment to the location. The lease is absolute triple net and features no landlord responsibilities. Additionally, there are 5% rental escalations every 5 years throughout the primary term and twelve 5-year renewal options. The 15,123 square-foot building is positioned along West Main Street which is a main thoroughfare in the area. Situated in the vibrant college town of Whitewater, home to the University of Wisconsin–Whitewater with an enrollment of over 11,700 students, the property benefits from a dynamic local market. It is conveniently positioned near major national retailers, including Walmart Supercenter, Ace Hardware, Advance Auto Parts, McDonald’s, Chevrolet, GMC, Dodge, Jeep, Jersey Mike’s, and Culver’s, among others. There are over 18,000 people living within a five-mile radius. Those of which earn an average household income exceeding $77,000. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$3,411,203 USD

PRICE/SF

$226 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.