675 S Water St - Drug Store FOR SALE


Platteville, WI 53818
$3,580,000 USD
312-548-6822
675 S Water St, Platteville, WI for Sale
$3,580,000 USD
Drug Store - FOR SALE
1/8
null | 9.86% Cap Rate

675 S Water St
Platteville, WI 53818


HIGHLIGHTS

  • Long Term Lease
  • Zero Management Responsibilities
  • Corporate Guarantor
  • Strategic Retail Location
  • University of Wisconsin - Platteville
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net Walgreens located at 675 S Water Street in Platteville, Wisconsin (the “Property”). Walgreens has occupied the Property since it was constructed in 2008 and has 8 years of term remaining on the lease followed by ten (10), 5-year renewal options. Walgreens is located on a prominent corner parcel at the signalized intersection of S Water Street (WI Route 80) and Dubuque Road (US Route 151 BUS), the area’s primary commercial and commuter corridors. The site benefits from outstanding frontage and visibility and two points of convenient access, serving as a key retail destination for both local residents and regional travelers. Positioned less than a half mile from downtown Platteville, the Property is surrounded by neighborhood amenities including neighborhood retailers, restaurants, schools, and hotels. U.S. Route 151 provides direct access to Dubuque, IA, 20 miles to the southwest, and to Madison, 70 miles northeast supporting consistent traffic and connectivity to the broader region. The Walgreens is 0.7 miles from the University of Wisconsin – Platteville and 2 miles from Southwest Health Emergency Medical Services (Hospital).

FOR SALE DETAILS

PRICE

$3,580,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

9.86%

% 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

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

-

APN/PARCEL ID

271-02242-0000

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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