1401 Springdale St - Drug Store FOR SALE


Mount Horeb, WI 53572
$2,573,100 USD
703-477-1315
1401 Springdale St, Mount Horeb, WI for Sale
$2,573,100 USD
Drug Store - FOR SALE
1/7
null | 7.75% Cap Rate

1401 Springdale St
Mount Horeb, WI 53572


HIGHLIGHTS

  • Absolute NNN Lease
  • Part of the Madison, WI Metropolitan Statistical Area (MSA Population: 709,339)
  • Within a highly-residential area and is surrounded by more than 2,085 households within a mile

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,573,100 USD

PRICE/SF

$178 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Mount Horeb, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

-

APN/PARCEL ID

0606-124-0030-1

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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