6210 Century Ave - Drug Store FOR SALE


Middleton, WI 53562- Springs
$5,986,000 USD
949-547-2213
6210 Century Ave, Middleton, WI for Sale
$5,986,000 USD
Drug Store - FOR SALE
1/9
null | 7.25% Cap Rate

6210 Century Ave
Middleton, WI 53562
Springs


HIGHLIGHTS

  • Nearly 9 Years Remaining | Options To Extend | Investment Grade Tenant (S&P: BBB) | America’s Largest Pharmacy
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Offered Free & Clear or with CTL Zero Cash Flow Financing |Tax Advantages and Passive Equity Growth
  • University of Wisconsin Madison (48,000 Students) | UW Health University Hospital (505 beds) | UW Health System
  • Signalized, Hard Corner Intersection | Centralized Location | State Highway 14 (60,500 VPD) | Adjacent to 161-Unit Development
  • Strong Demographics In 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, CVS Pharmacy located in Middleton, Wisconsin (Madison MSA). The tenant has an investment grade credit rating (S&P: BBB) and nearly 9 years remaining with 10 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management- free investment opportunity for a passive investor. The asset can be purchased free and clear or with the assumption of the existing Credit Tenant Lease (CTL) zero cash flow financing, which also includes a paydown/readvance feature allowing 1031 investors to pull cash out from the transaction. CVS is America’s leading retail pharmacy with over 9,000 locations across 49 states.

FOR SALE DETAILS

PRICE

$5,986,000 USD

PRICE/SF

$453 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | 9yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

MU-A

APN/PARCEL ID

0708-014-9232-2

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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