401 E Green Bay St - Drug Store FOR SALE


Shawano, WI 54166
$2,526,000 USD
312-279-5342
401 E Green Bay St, Shawano, WI for Sale
$2,526,000 USD
Drug Store - FOR SALE
1/8
null | 8.75% Cap Rate

401 E Green Bay St
Shawano, WI 54166


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
  • Dense Retail Trade Area | Strong National Tenant Presence
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • Located Along Green Bay Street | 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 Shawano, WI. The tenant, Walgreen Co., has 10+ years 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

$2,526,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

8.75%

% 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

2002

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

UMU

APN/PARCEL ID

281751500000

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.