$1,170,000 USD
843-510-0551
819 N Memorial Dr
Racine, WI 53404
Downtown Racine
HIGHLIGHTS
- Single-Tenant Freestanding 'Dark' Walgreens Strategically Located 25 Miles South of Milwaukee
- Building Sits on the Hard-Corner of State Street (14,000+ VPD) and North Memorial Drive (17,000+ VPD), Neighboring the Racine Transit Center
- Tenant Will Continue to Pay Rent and Maintain Absolute Triple Net (NNN) Responsibilities Until 12/31/2025
- The Property is Located in an Opportunity Zone, Which Allows Investors to Receive Tax Benefits By Funding Development or Redevelopment Projects
- Strong Demographics, Including Over 83,000 People Located Within a 3- Mile Radius with an Average Household Income of Over $72,000
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 13,000 SF Walgreens (Dark) Located at 819 North Memorial Drive in Racine, WI. This Deal Includes a Single-Tenant Freestanding 'Dark' Walgreens Strategically Located 25 Miles South of Milwaukee, and the Tenant Will Continue to Pay Rent and Maintain Absolute Triple Net (NNN) Responsibilities Until 12/31/2025.
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
FOR SALE DETAILS
PRICE
$1,170,000 USD
PRICE/SF
$90 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens (Dark) - Racine, WI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,738 SF
ZONING
B2
APN/PARCEL ID
276-000007857000
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