3805 80th St - Drug Store FOR SALE


Kenosha, WI 53142- Lance
$4,443,000 USD
760-448-2449
3805 80th St, Kenosha, WI for Sale
$4,443,000 USD
Drug Store - FOR SALE
1/11
null | 7% Cap Rate

3805 80th St
Kenosha, WI 53142
Lance


HIGHLIGHTS

  • Walgreens Co. – Strong Lease Guarantor – Global Brand Recognition – Publicly Traded Company (NASDAQ: WBA)
  • Strong Performing Location – Over $5.3M in Reported Sales (2024) – 5.8% Rent To Sales Ratio
  • Early Lease Extension (2024) – 13+ Years of Lease Term – Walgreens Clear Commitment to This Location Long Term – 30 Year Successful Operating History
  • Located Within Greenwood Shopping Center – Grocery Anchored – Highly Visible End Cap Location – Desirable National Co-tenants
  • Kenosha, Wisconsin – Midpoint Between Two Major Metros (Chicago & Milwaukee) – Pro-business Environment – Demand for Essential Retail

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,443,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

268

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

B-1

APN/PARCEL ID

04-122-12-326-021

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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