1531 South Madison Rd - Drug Store FOR SALE
Beloit, WI 53511 |
$2,845,600 USD
404-504-7900
1531 South Madison Rd
Beloit, WI 53511
HIGHLIGHTS
- Recently-Extended Absolute NNN Lease | Eleven, 5-Year Options to Renew
- Excellent Access & Visibility Along South Madison Road (6,200 VPD)
- Feet from Signalized Intersection with Liberty Avenue (10,700 VPD)
- 3.5 MSF of Retail, 1.3 MSF of Office, 11.0 MSF of Industrial, 3,092 Multifamily Units & 794 Hotel Rooms within 5-Miles.
- Surrounding Retail Synergies Include: Woodman's Food Market, Dollar Tree, Family Dollar, Dollar General, Advance Auto Parts, NAPA Auto Parts, etc.
- Janesville-Beloit, WI MSA Advantage (MSA Population: 164,616+)
OVERVIEW
CBRE is pleased to offer for sale the 14,405-square-foot Walgreens situated on 1.91 acres in Beloit, Wisconsin—part of the Janesville-Beloit, WI MSA (Population: 164,616). 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
$2,845,600 USD
PRICE/SF
$197 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens: Beloit, WI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
72
LAND DETAILS
LAND ACRES
1.91 AC
LAND SF
83,200 SF
ZONING
C
APN/PARCEL ID
127-70030
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404-504-7900
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