2301 Hall Ave - Retail FOR SALE


Marinette, WI 54143
$2,800,000 USD
312-279-5342
2301 Hall Ave, Marinette, WI for Sale
$2,800,000 USD
Retail - FOR SALE
1/9
null | 8.75% Cap Rate

2301 Hall Ave
Marinette, WI 54143


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
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Dense Retail Trade Area | Strong National Tenant Presence
  • Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped Pharmacy | Excellent Visibility & Access

OVERVIEW

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 Marinette, WI. The tenant, Walgreen Co., has 10+ years of firm term 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.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

B-3

APN/PARCEL ID

251-03791.003

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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