5702 Raymond Rd - Drug Store FOR SALE


Madison, WI 53711- Meadowood
$4,500,000 USD
224-432-4506
5702 Raymond Rd, Madison, WI for Sale
$4,500,000 USD
Drug Store - FOR SALE
1/6
null | 8% Cap Rate

5702 Raymond Rd
Madison, WI 53711
Meadowood


OVERVIEW

CRER is pleased to exclusively present a fee simple ownership interest on a Walgreens located in Madison, Wisconsin. The Subject Property (the “Property” or “Walgreens”) consists of approximately 1.17 acres located at the northwest corner of Raymond Road & South Whitney Way of Dane County. Affixed to the Property is a free-standing, single story, 15,555-square foot retail building with two drive thru lanes and 55 parking spaces. The building was built in 2007 as a build-to-suit for Walgreens and is adjacent to a multi-tenant retail center, known as Meadwood Center, providing great synergy amongst the neighboring retailers. The Property benefits from the signalized intersection; generating a traffic count of over 20,100 vehicles per day and providing great visibility and easy ingress & egress access from either side of the street. The Property is also located less than 5 miles (14-minute drive) from the University of Wisconsin-Madison with an enrollment of 51,500 (fall 2025) students and a member of the Big Ten Conference. The Subject Property is currently fully occupied and being leased to Walgreens Co. Walgreens is operating under an absolute-net (NNN) lease with zero landlord responsibilities. Walgreens is responsible for the maintenance and replacement of the Premise, including, but not limited to, interior & exterior of the building, including the roof, HVAC units and parking lot. There are approximately 6.5 years remaining on Walgreens’ initial 25-year lease with ten, 5-year options. Walgreens does not have a right-of-first refusal.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$289 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

NMX

APN/PARCEL ID

0709-313-1101-6

ASK ABOUT THIS PROPERTY

Victor CornelioChicago Real Estate ResourcesMore Info
224-432-4506

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Victor CornelioChicago Real Estate ResourcesMore Info
224-432-4506

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