812 N Main St - Drug Store FOR SALE


Lake Mills, WI 53551
$2,957,900 USD
703-477-1315
812 N Main St, Lake Mills, WI for Sale
$2,957,900 USD
Drug Store - FOR SALE
1/7
null | 7.75% Cap Rate

812 N Main St
Lake Mills, WI 53551


HIGHLIGHTS

  • Robust industrial corridor (1.4 MSF of industrial within 5-miles)
  • Absolute NNN Lease
  • Surrounded by retailers like Lake Mills Market (local grocer), Anytime Fitness, Ace Hardware, McDonald’s, Culver’s, etc.

OVERVIEW

Walgreens is positioned with excellent access and visibility at the hard corner, signalized intersection of North Main Street (11,300 VPD) and East Tyranena Park Road (6,700 VPD), where it is feet from the on-ramp to Interstate 94 (40,800 VPD), which provides direct access to downtown Milwaukee (52.5 miles east). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.

FOR SALE DETAILS

PRICE

$2,957,900 USD

PRICE/SF

$199 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Lake Mills, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

-

APN/PARCEL ID

246-0713-1223-018

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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