2575 Main St - Drug Store FOR SALE


Cross Plains, WI 53528
$3,421,050 USD
312-548-6822
2575 Main St, Cross Plains, WI for Sale
$3,421,050 USD
Drug Store - FOR SALE
1/9
null | 9.5% Cap Rate

2575 Main St
Cross Plains, WI 53528


HIGHLIGHTS

  • Long Term Lease
  • Zero Management Responsibilities
  • Corporate Guarantor
  • Strategic Retail Location
  • Madision, WI MSA
  • Nearby Attractions

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net Walgreens located at 2575 Main Street in Cross Plains, Wisconsin (the “Property”). Walgreens has occupied the Property since it was constructed in 2008, and there are 8+ years of term remaining on the lease followed by fifty (50), 1-year renewal option. Walgreens is located on a prominent corner parcel at the intersection of Main Street (U.S. Route 14) and West Brewery Road along Cross Plains’ primary commercial corridor. The site benefits from strong visibility and convenient access, serving as a key retail destination for both local residents and regional travelers. Positioned less than a half mile from downtown Cross Plains, the Property is situated in front of a Piggly Wiggly-anchored center and is surrounded by neighborhood amenities including neighborhood retailers, restaurants, schools, and the local library. U.S. Route 14 provides direct access to Madison, located less than 15 miles to the east, supporting consistent traffic and connectivity to the broader Dane County region. The Walgreens is also down the street from the Ice Age National Scenic Trail and near several local parks, making it well-situated within a vibrant and active community setting.

FOR SALE DETAILS

PRICE

$3,421,050 USD

PRICE/SF

$299 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

0707-034-8460-1

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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