Lee & Associates is pleased to present a rare Walgreens corporate-guaranteed, 100% leased, single-tenant investment opportunity located at 3805 80th Street in Kenosha, Wisconsin. Walgreens, a publicly traded company (NASDAQ: WBA), is one of the most recognized pharmacy and retail brands in the world, operating over 9,000 stores and employing more than 300,000 people globally. Demonstrating a clear commitment to this long-standing location, Walgreens executed an early lease extension in October 2024, resulting in more than 13 years of term remaining. The tenant has operated successfully at this site for over 30 years, since 1995.
This property is a proven performer, with 2024 reported sales of over $5.3 million and a rent-to-sales ratio of just 5.8%, indicating strong profitability and extremely low future vacancy risk. Walgreens’ ongoing investment in this location, combined with low occupancy cost, underscores the strength of the asset’s fundamentals and tenant durability.
Strategically located within the Greenwood Shopping Center, a grocery-anchored retail hub, the property benefits from a highly visible end cap position at a signalized hard corner with exposure to 19,000 vehicles per day. Surrounded by national co-tenants such as Chase Bank, Dollar Tree, Subway, and Burger King, and offering seamless access to I-94, Highway 50, and local arterials, the site enjoys high traffic and convenience. Kenosha is a business-friendly market between Milwaukee and Chicago, supported by a growing job market, competitive operating costs, and a strong demand for essential retail, making this an attractive and resilient investment opportunity.